Upon completion of underwriting a deal’s operational aspects, most investors will want to add financing to their investment to maximize returns. This can be complicated due to varying loan parameters and structures, but Assess makes it simple.
A permanent loan – a long term loan (10+ years) used to finance your property – is one of the primary types of financing that you can incorporate into your Assess models. A permanent loan commonly pays off a previous, outstanding long term or short term loan (e.g. a bridge, construction, or permanent loan).
Assess gives you a multitude of input options, including the ability to enter any number of loans in succession. This allows you to cover bridge to perm financing scenarios, refinance scenarios, and any other scenario requiring multiple successive loans.
To enter a permanent loan, add a new loan and select the Permanent button under “Type.” Contextual uses, sizing, and repayment input options will then appear for the new loan.
These intuitive input choices, including more specific options such as held back funding and debt yield loan sizing, support the precise modeling of a wide variety of loan types. To take a deeper dive into Assess financing features, visit our knowledge base.
See Permanent Loans in Action!
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