First off, let me introduce myself. I am George Blackburne, IV, the younger, better looking of the "George's". What would you guess the number one Google search term regarding commercial finance is? Commercial Loans? Commercial Mortgage Rates? I was absolutely shocked to discover that the number one search term in the commercial loan genre was "commercial loan calculator".
I did a little research and tried to find a decent commercial loan calculator online. What I found was pretty disappointing. A vast majority of the calculators online were simple amortization calculators that you can find on any residential lending site. If you were lucky, you might find a site that mentioned Debt Service Coverage Ratios (DSCR) or LTV but nothing that put all the pieces together.
So, I whipped up a quick calculator that puts all of the pieces together for you. This calculator slices and dices, cuts and cubes, it pulverizes. This thing is so advanced that after you enter in a few values, it pops out your projected mortgage payment, LTV, DSCR and Debt Yield. In addition, it shows you the max LTV, DSCR and Debt Yield a lender will allow.
But wait, there’s more!
This thing will give you side by side comparisons of your LTV, DSCR and Debt Yield (if over $5,000,000) to what a lender will allow for LTV, DSCR and Debt Yield!
Lastly, this will compare your loan scenario to the lender’s requirements/limits and will automatically calculate the max loan amount you can get. Period. End of story.
Play with the numbers, and I think you will see how easy it is to use.