| Test | Maximum loan | Left on the table |
|---|---|---|
| Loan to valueValue times the maximum advance rate. | $6,500,000 | $171,567 |
| Minimum DSCRBindingNOI divided by the coverage floor, then divided by the annual constant. The constant is the amortizing one, which is what the lender sizes to even when the loan starts interest only. | $6,328,433 | This is the cap |
| Minimum debt yieldNOI divided by the debt yield floor. No rate, no amortization, no appraisal. | $6,666,667 | $338,234 |
Each row is a full re-solve, not a slope. That matters, because a change big enough to move proceeds is often big enough to change which test binds.
Debt service, the split between interest and principal, and the balance you refinance or pay off at the end of the term. Coverage is shown against today's NOI held flat, so it isolates the effect of the debt rather than mixing in a growth assumption.
Equity here is price minus proceeds. It excludes closing costs, origination fees, reserves, and working capital, so the real check at the table is larger. Cash on cash is year-one levered cash flow over that equity figure, before any capital expenditure.
Everything above is computed in your browser. Nothing you type is sent to Altyst or to the site hosting this calculator, and this frame sets no cookie. It is arithmetic on the figures you entered, not lending, investment, or appraisal advice, and your lender's credit box is the only one that counts.
This sizes one loan against one NOI. A real underwriting has a rent roll behind that NOI, a renovation plan in front of it, and an exit at the end. Altyst reads the documents and builds all of it.