Variable Interest Rate

  • Anonymous
    Inactive
    # 1 year, 6 months ago

    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!

    Spencer BurtonSpencer Burton
    Keymaster
    # 1 year, 6 months ago

    Great suggestion. This is a fairly easy add. I’ll work to include it in our next update.

    Spencer

    Spencer BurtonSpencer Burton
    Keymaster
    # 1 year, 6 months ago

    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.

    Spencer

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