Stacking the Deal: the bank’s-eye view of a building

Field notes

The primer organizes a building deal into six underwriting lessons, moving from development costs and capital sources to NOI, DSCR, leveraged return, and a final feasibility verdict. Its model treats familiar architectural choices as financial inputs: the copy connects envelopes, construction types, and amenities to utilities, insurance, and vacancy. The page references a 1.25× debt-service cushion, a 15-year IRR, and a set of adjustable building inputs, with separate glossary, deal, and walkthrough controls.