All projectsOn Track
Delta First · 417 Holdings LLC · Hammond, LA
417 Willow Run
62%
Complete
Est. Dec 14
Projected Margin
$182K
On $985K sale price
Loan Terms
Delta First National
Commitment$580,000
Balance drawn$336,400
Availability$243,600
RatePrime + 0.75%
LTC / LTV80% / 72%
Equity requirement20% cash equity
Interest reserveInterest paid current, no reserve
RecourseFull recourse
Equity & Sources
Where the money is coming from
Builder equity planned$140,000
Builder equity invested$119,000
Remaining equity needed$21,000
Loan proceeds received$336,400
Pending draw reimbursement$46,190
Next 30-day spend$64,800
Remaining Availability
Can the loan still cover the job?
Commitment$580,000
Less balance drawn($336,400)
Less next draw #5($74,500)
Availability after next draw$169,100
Cost remaining to complete$288,000
Coverage gap$44,400
Commitment drawn
58% drawn · $244K available
Next draw
Draw #5$74,500
Target fundingFri, Aug 28
Cash floated until funding$22,100