Staged Financing · Stephen R. Mannenbach, J.D., MBA

RTL Fix-and-Flip Bridge to 30-Year / 40-Year IO DSCR Permanent Takeout Simulator

Simulate a two-stage acquisition: Stage 1 RTL Bridge (up to 85%–90% LTC / 70%–75% ARV) transitioning into Stage 2 Permanent DSCR Takeout Refinance (75% ARV) to verify net cash left in deal.

Direct Answer · Bridge-to-DSCR Takeout Underwriting Rule

In a staged Bridge-to-DSCR execution, an investor acquires and renovates using short-term RTL bridge financing (up to 85%–90% of purchase plus 100% rehab holdback, capped at 70%–75% ARV) and exits into a 75% LTV permanent DSCR refinance once renovated and rent-ready.

4. Bridge-to-DSCR Permanent Takeout Simulator

Acquisition Purchase Price ($)

Renovation / Rehab Holdback Budget ($)

Stabilized After-Repair Value (ARV $)

Stabilized Form 1007 Monthly Rent ($)

Stage 1: RTL Fix & Flip Bridge Loan

$325,000

Initial Sponsor Equity Required: $45,000

Stage 2: 75% ARV DSCR Takeout Loan

$390,000

Stabilized Rent: $4,100/mo

Bridge Payoff & Net Equity Harvested at Takeout

+$65,000 Gross Payoff Surplus Above Bridge Principal

Total Project Cost Basis: $370,000 (71% of ARV)

Want Loan Daddy LLC (NMLS #2827624) to Run Your Exact Deal Across 50+ Wholesale Shelves?

Compliance Note: Educational structural underwriting models only; zero interest rates, APRs, or points are quoted. Loan Daddy LLC (NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · (480) 485-1229) is a mortgage broker, not a lender.

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