Ground-Up Spec & BTR Desk · Stephen R. Mannenbach, J.D., MBA

Ground-Up Construction & Build-to-Rent (BTR) LTC / LTARV Analyzer

Model land basis, hard/soft construction budgets, contingency reserves, interest reserves, up to 85%–90% LTC / 70%–75% LTARV draw sizing, and permanent 30-year DSCR takeout coverage with Stephen R. Mannenbach, J.D., MBA.

Ground-Up Construction (GUC) & Build-to-Rent (BTR) Desk · Arranged by Loan Daddy LLC (NMLS #2827624)

Ground-Up Construction (GUC) & Build-to-Rent (BTR) LTC / LTARV Feasibility Analyzer

Size infill spec-home and Build-to-Rent (BTR) construction loans across Lot Acquisition, Hard Cost/SqFt, Architecture/Permit Soft Costs, Contingency, and Interest Reserve—comparing 85% Max LTC vs. 70% Max LTARV constraints and Spec Sale vs. 75% LTV DSCR Perm Takeout Refinance exits.

1. Land, Hard & Soft Budget

2. LTC vs. LTARV Loan Sizing & Required Sponsor Equity

Total Project Cost
$755,500
Hard: $455,000 + Lot: $185,000
Binding Max Loan
$642,175
85% LTC · 61.2% LTARV
Sponsor Equity Required
$113,325
Land equity credits toward LTC down payment
BTR Perm Takeout DSCR
1.29x
75% LTV Perm Refi: $787,500
Exit StrategyCompleted ARV / Refi LoanPayoff / Disposition CostNet Profit / Recycled EquityUnderwriting Notes
Exit Option A — Infill Spec-Home Retail Sale$1,050,000$818,500$231,500Includes 6% agent commission & seller closing costs
Exit Option B — Build-to-Rent (BTR) 75% LTV DSCR Takeout Refinance$787,500$642,175$145,325Tax-free refinance proceeds upon Certificate of Occupancy (CO)
Pinned #1 GUC & BTR Desk: Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · (480) 485-1229
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