*PHOENIX’S APARTMENT LOAN CALCULATOR* – 2024 PhoenixThottamLaw.com – Real Estate, Leasing, & Litigation Attorney; Brokerage & Leasing Services (Call for Free Consult at (310) 497-7255). Focused Service. Reasonable Rates. Fast Results. Call Today.

PHOENIX THOTTAM: Hello. Are you looking for a loan to finance your apartment building? Please feel free to experiment and use my below maximum loan calculator to approximate a loan amount that a multifamily building will qualify for by using the apartment loan calculator. Please note that this information should be used striclty as an informal guideline and is not a commitment to lend. Please call me at (310) 497-7255 if you have any questions or if you would like a free buy / sell analysis & valuation study done for your property. I would also be happy to discuss 1031 IRS Tax Code and other strategic considerations to help you achieve your investment goals.

Maximum Apartment Loan Amount Calculator
100% Gross Potential Income⁽¹⁾	$
Less Vacancy and Uncollectibles⁽²⁾	$
Effective Gross Income	$
Less Expenses⁽³⁾
Taxes	$
Insurance	$
Utilities	$
Management⁽⁴⁾	$
Trash	$
Maintenance and Repairs	$
Landscape	$
Administrative	$
Miscellaneous	$
Total Operating Expenses	$ % of GPI
Expenses per Unit	$
Net Operating Income	$
Less
Capital Reserves⁽⁵⁾ per unit	$ # of Units:
Total Capital Reserves	$
Cash Flow Available to Service Debt	$

Calculator

Interest Rate	%
Amortization	years
Debt Service Coverage⁽⁶⁾
Loan Amount	$

Definitions

Sum of all actual income assuming 100% occupancy.
Input actual vacancy and uncollectables. If input is less than 5% of Gross Potential Income, model will automatically default to greater number.
Input actual expenses with necessary adjustments for taxes and Insurance. Use miscellaneous as a catch all.
Input actual management expenses. If input is less than 5% of Effective Potential Income, model will automatically default to greater number.
Use greater of $250/door or actual.
Defaults to 1.2 times.

Note: The commercial mortgage calculators displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any calculation errors resulting from the use of these calculators.