Marcus & Millichap Capital Corporation - Office Calculator

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Office Loan Sizer .......................................

 

Office Loan Sizer

100% Gross Potential Income(1) $
Less Vacancy and Uncollectables(2) $
  Effective Gross Income $
     
Less Expenses(3)  
  Taxes $
  Insurance $
  Utilities $
  Janitorial $
  Management(4) $
  Trash $
  Maintenance & Repairs $
  Administrative $
  Miscellaneous $
  Total Operating Expenses $ % of TOI
     
Net Operating Income $
Less  
  Total Sq Ft    Sq.Ft.
  Capital Reserves(5) $
  Tenant Improvement Reserves(6) $
  Leasing Commission Reserves(7) $
  Total Below Line Expense $
Cash Flow Available to Service Debt $
     
     

Calculator

  Interest Rate    %
  Repayment Schedule(years)    years
  Debt Service Coverage(8)   
  Loan Amount $
    Definitions
  1. Sum of all actual income assuming 100% occupancy.
  2. Input actual vacancy and uncollectables. If input is less than 5% of Gross Potential Income, model will automatically defaut to greater number.
  3. Input actual expenses with necessary adjustments for Taxes and Insurance. Use Miscellaneous as a catch all.
  4. Input actual management expenses. If input is less than 5% of Effective Potential Income, model will automatically defaut to greater number.
  5. Use greater of $.15/sq. ft. or actual.
  6. Use greater of $.60/sq. ft. or actual.
  7. Use greater of $.40/sq. ft. or actual.
  8. Defaults to 1.2 times.