Sources and Uses - Multifamily Multiphase project budget
I’m working on a budget for 2 MF properties that will be in one loan. One is in nearing stabilization and the other is planned for development. For creating the S&amp;U, would I use the original S&amp;U for the stabilized project or could I use As Is value?
[{"id": "i4g49k5", "text": "The additional equity created from stabilizing the first property gets a separate line item in the sources column. Let\u2019s say the as-is value for the first property was $1 million. Now you suspect it is worth $1.5 million. One line item for $1MM, another line item for $500K.", "replies": [], "depth": 1}]