DEVELOPMENT FINANCEFinance Cost Calculator

Principal Limit = this is the amount of money that will be available for the development EXCLUDING finance costs.

Facility Limit = this is the total limit INCLUDING the finance costs.

Opening balance = this is the amount you expect to be drawn on day one if you are refinancing any debt.

Effective Finance Rate = the dollar cost of your debt expressed as a percentage of the facility limit.

Monthly Management Fee = not all lenders will include this, however, some do and it is a flat monthly fee to manage the loan. It often covers travel and other costs.

Please enter the limits and rates in the respective boxes to below. These should be expressed on your letter of offer. To note you will be provided either a principal limit or facility limit on your offer, it is important to get this correct in the top box. The facility limit at the bottom is designed to give you an estimate to the facility limit provided from a lender if only the principal limit has been stated on the offer letter.

Once you have filled in the relative boxes hit calculate and you will be presented with the dollar cost of your letter of offer.