All projectsOn Track
Bayou Capital · 77 Holdings LLC · Lafayette, LA
77 Sabine Circle
12%
Complete
Est. May 5
Projected Margin
$258K
On $1.27M sale price
Loan Terms
Bayou Capital Bank
Commitment$720,000
Balance drawn$79,200
Availability$640,800
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$190,000
Builder equity invested$66,500
Remaining equity needed$123,500
Loan proceeds received$79,200
Pending draw reimbursement$41,540
Next 30-day spend$81,900
Remaining Availability
Can the loan still cover the job?
Commitment$720,000
Less balance drawn($79,200)
Less next draw #1($67,000)
Availability after next draw$573,800
Cost remaining to complete$819,000
Coverage gap$178,200
Commitment drawn
11% drawn · $641K available
Next draw
Draw #1$67,000
Target fundingTue, Sep 22
Cash floated until funding$24,000