This is a really fantastic model, thanks for building and sharing it!
I wanted to see if you had thought about including the option to implement a variable interest rate or an interest rate based on LIBOR or some other baseline. A lot of the loans we see are structured as an L + 200 or something like that so the debt service varies each month. Do you think that’d be something useful to include? Additionally on the commercial side, sometimes lenders cover only a portion TI’s/LC’s or none at all.
In any case, this is an impressive model and I always enjoy checking back in to see the updates every so often. Thanks again for sharing it!
Following up on this. I’m putting the final touches on v0.71, and I’ve added the option to use a variable interest rate for the construction loan, permanent loan, and mezz/secondary loan. This version should roll out in the next few days.
