10 Funding Table
Introduction to the Funding Table
Begin by understanding the purpose of the funding table. This table helps determine which costs can be funded by the bank and which must be covered by the developer.
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Bank and Developer Funding Allocation
Identify the costs that the bank will fund, such as construction finance costs, and those that the developer needs to cover, such as land finance costs.
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Development and Construction Finance Costs
Learn how the funding table incorporates development and construction finance costs, including how interest is capitalized and added to the bank’s total development cost.
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Interim Income and Funding Recalculation
Understand how interim income is treated in the funding table and how it impacts the overall funding needs. The table allows for iterative recalculations to ensure accuracy.
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Commission at Closing
Explore how commission at closing is calculated and allocated within the funding table, with separate entries for commercial and residential units.
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Developer’s Equity Buffer
Learn about the developer’s equity buffer and how it is revisited once finance and funding options are selected.
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