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ProCash, an Economic Model for Income Properties

The input array CSF allows for specifying as many sources of financing as desired (each row of CSF is a different financing instrument). Since all inputs are optional, the user may simply enter two columns of CSF with the loan ceiling and interest rate for each credit line, and the model will draw from each until it is exhausted, and then it will draw from the next. Repayment will be "last drawn down/first repaid" unless specified otherwise. The inputs allow for greater complexity if needed.

More elaborate construction financing can be specified by use of the input array CSF. Each row of this special input matrix corresponds to a different loan. They are taken in succession, so that borrowing requirements are met to the extent possible first by the first row of CSF. Obviously, the last loan inputed through CSF may not be fully drawn down if not required by the project. The columns of CSF provide for specifying input assumptions for each loan:

Another input called CSFLIMIT allows a detailed specification of how much can be drawn against in each period on each line of credit if desired.

input | description | help# | importance | frequency |
---|---|---|---|---|

CSF[;2] | Const.fin.terms: Interest rate | 542 | 4 | |

CSF[;3] | Const.fin.terms: Source of fin. (which entity) | 542 | 4 | |

CSF[;1] | Const.fin.terms: Loan ceiling | 542 | 3 | |

CSF[;11] | Const.fin.terms: Account(s) which cannot be drawn on | 542 | 3 | |

CSF[;7] | Const.fin.terms: Repayment terms | 542 | 2 | |

CSF[;9] | Const.fin.terms: Repay method | 542 | 2 | |

CSF[;10] | Const.fin.terms: Accrue interest (default=pay currently) | 542 | 2 | |

CSF[;15] | Const.fin.terms: Sequence of draws & repayments | 542 | 2 | |

CSF[;4] | Const.fin.terms: When financing available | 542 | 1 | |

CSF[;5] | Const.fin.terms: When fin. must be fully repaid | 542 | 1 | |

CSF[;6] | Const.fin.terms: Holdback decimal | 542 | 1 | |

CSF[;8] | Const.fin.terms: Draw/repayment rounding factor | 542 | 1 | |

CSF[;12] | Const.fin.terms: Starting interest balance | 542 | 1 | |

CSF[;13] | Const.fin.terms: Starting principal balance | 542 | 1 | |

CSF[;14] | Const.fin.terms: Period/date to start calc. interest | 542 | 1 | |

CSF[;16] | Const.fin.terms: Capitalize interest (0=expense 100%) | 542 | 1 | |

AVI[34] | Holdback:pct.costs withhold before takeout AVI[36] | 542 | ||

AVI[35] | Holdback:front money $ or pct. of perm mtge amt | 542 | ||

AVI[36] | Holdback:continuing holdback pct.of current costs | 542 | ||

HLDBK | Input:Holdback terms | 542 | ||

AVI[153] | 1st column of | 542 | ||

AVI[169] | Construction interest capitalized (0 means expense 100%) | 542 | ||

AVI[178] | 542 | |||

AVI[184] | Construction loan balance as of cost to date | 542 | ||

CSFLIMIT | Input:Limits on construction financing draws | 542 | ||

MV[79] | New model for calculating interest | 542 |

viewtype | case study | view | file size | complexity | help# | comment |
---|---|---|---|---|---|---|

Inputs | Executive Plaza (Under Const., office) | (construction financing) | 3059 | 20 | 542 | |

Belle Glade 72 Units Deal A | (construction financing) | 3193 | 45 | 542 | ||

ABCO Joint Venture (office) | (construction financing) | 3406 | 69 | 542 |