📌 Construction loans are underwritten differently than permanent loans. The lender evaluates both the construction phase (interest-only draws) and the permanent loan (DSCR on stabilized NOI). Both must work independently. This tool models both.
🏗️Project Information
🏦Financing Structure
📈Stabilized Income (After Completion)
Feasibility Summary
⚠️ Educational only. Construction loan underwriting varies significantly by lender, project type, and market conditions. Consult a commercial lender before making any project decisions.
💰Construction Draw Schedule
| Draw # | Description / Phase | Amount Requested | Inspection Required | Cumulative Drawn | Remaining | Interest (Monthly) | |
|---|---|---|---|---|---|---|---|
| TOTALS | $0 | $0 | |||||
📊Budget vs. Actual Cost Tracker
| Cost Category | Budgeted Amount | Amount Spent to Date | Remaining Budget | % Complete | Projected Final Cost | |
|---|---|---|---|---|---|---|
| TOTALS | $0 | $0 | $0 | 0% | $0 |
📌 Construction lenders evaluate borrowers differently than permanent lenders. Experience, liquidity, and net worth are weighted heavily — often more than DSCR during the construction phase.
✅Lender Qualification Assessment
Qualification Assessment