All projectsOn Track
Bayou Capital · 1908 Holdings LLC · Lafayette, LA
1908 Bayou Trace
35%
Complete
Est. Mar 8
Projected Margin
$223K
On $1.15M sale price
Loan Terms
Bayou Capital Bank
Commitment$660,000
Balance drawn$231,000
Availability$429,000
RatePrime + 1.00%
LTC / LTV80% / 72%
Equity requirement20% cash equity
Interest reserveNone
RecourseFull recourse
Equity & Sources
Where the money is coming from
Builder equity planned$170,000
Builder equity invested$98,600
Remaining equity needed$71,400
Loan proceeds received$231,000
Pending draw reimbursement$57,040
Next 30-day spend$74,700
Remaining Availability
Can the loan still cover the job?
Commitment$660,000
Less balance drawn($231,000)
Less next draw #3($92,000)
Availability after next draw$337,000
Cost remaining to complete$556,100
Coverage gap$127,100
Commitment drawn
35% drawn · $429K available
Next draw
Draw #3$92,000
Target fundingTue, Sep 8
Cash floated until funding$29,400