Development Pro Forma
How to use /Enter your project cost and assumptions, and the value test and financing read update as you type. Your numbers stay on your device.
Development Pro Forma
Kitchener, ON / 12 units / 9,600 buildable SF
Core Assumptions
Purchase price: $850,000
Hard cost: $2,736,000 / CM fee: $0 / Soft cost: $820,800
Rent: $2,050 average per unit / Parking: $0 per month / Vacancy: 4.0% / Expense ratio: 25.0%
Cap rate: 4.50% / Interest rate: 4.25% / DCR: 1.10x
Financing Read
100 modeled points / 100 pts MLI Select scenario / 50-year amortization
CMHC maximum shown for eligible new construction: up to 95% LTC/LTV.
DCR capacity: 85.6% LTC. Actual supportable debt is constrained by DCR.
Early feasibility only. Final proceeds, DCR, eligibility, and MLI Select treatment require lender and CMHC confirmation.
Use 0% when the project does not include a construction manager fee.
Use 0% when the project does not include a developer fee credit.
Total monthly parking income for the building.
Choose the affordability, energy efficiency, and accessibility outcomes that apply. The financing path updates in the live read.
Common entry path for small new-construction projects.
Common high-efficiency path for the model.
No accessibility outcome selected.
Assumptions only. Final scoring, affordability levels, energy targets, accessibility treatment, premiums, and proceeds require lender and CMHC confirmation.
MLI Select take-out uses a 1.10x minimum debt coverage test.
1.10xAutomatically set by the selected MLI point tier.
50 yrsUpdates as acquisition, build, rent, MLI, and debt assumptions change.
A $4.43M project worth $4.72M complete.
Completed value is above project cost by $295,150. The project is in range, but rents, cap rate, hard cost, and financing should be stress-tested before going deeper.
Equity still required
Points unlock the amortization path
100 modeled points
100 pts unlocks 95% LTC with a 50-year amortization.
What the capital is buying
NOI $212,544
6.7% margin
$184,639 modeled annual benefit
14.4% of project cost
Completed value at common exit caps
$638,880 of modeled capital controls a modeled $4,723,200 completed asset.
The current read is limited by DCR; that is the next assumption to test. The project is in range, but rents, cap rate, hard cost, and financing should be stress-tested before going deeper.
Items to Confirm1
Supportable loan is below the 95% target LTC. Check NOI, DCR, rate, amortization, and completed value.
MLI Select points are modeled through affordability, energy efficiency, and accessibility. Proceeds remain subject to lender review and CMHC approval.