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Covercy

Covercy One — The all-in-one platform for CRE fund managers.

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Thanks for sharing your deal.

Our team is reviewing your multifamily ROI snapshot. Expect an email soon with observations, benchmarking data, and suggestions to streamline your capital stack.

Schedule a custom walkthroughReturn to the calculator

Projected performance snapshot

These outputs reflect your inputs only and are not financial advice. Use them as a talking point with our team to validate assumptions and automate investor reporting.

Total project cost

$5,890,000

Purchase price + closing costs + renovation budget.

Estimated loan amount

$3,360,000

Based on loan-to-value applied to the purchase price.

Equity required at close

$2,530,000

Project cost minus loan proceeds.

Annual debt service

$248,257

Principal and interest payments over 12 months.

Projected annual cash flow

-$88,843

Stabilized NOI minus annual debt service.

Stabilized NOI

$159,414

Projected net operating income after renovations.

Estimated stabilized value

$3,188,278

NOI divided by the exit cap rate.

Preferred return coverage

-0.44×

Annual cash flow divided by the preferred return obligation.

Year-one cash-on-cash

-3.5%

Annual cash flow after debt ÷ equity required.

Projected equity multiple

-0.24×

Estimated equity value ÷ equity required.

Average annual return

-24.9%

Equity multiple converted to an average annualized percentage.

Equity gap to fill

-$470,000

Equity required minus investor capital committed.

Cash flow context

Covercy automates capital calls and waterfall distributions, so maintaining the projected cash-on-cash return becomes a repeatable workflow for every deal.

Equity upside

Align LP expectations by sharing dashboards that show stabilized NOI, current value, and realized equity multiple in real time.

Waterfall ready

Plug these assumptions directly into Covercy to model preferred returns and GP promote splits without spreadsheet jockeying.

Important

This calculator is for directional planning only. Verify all numbers with your lenders, legal counsel, and partners before making investment decisions.

What happens next

  1. 1

    A Covercy multifamily specialist will reach out within one business day.

  2. 2

    We will review your assumptions and prepare relevant dashboards inside Covercy.

  3. 3

    During the walkthrough we will cover capital calls, waterfall automation, and investor reporting for your deal.

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Banking services:

Covercy is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. The Covercy Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions.

Payment services:

Covercy Europe Limited. Registered in England No. 675000. Registered Office: 5 Elstree Gate, Elstree Way, Borehamwood, Hertforshire, WD6 1JD, UK

Covercy Technological Trading Limited. Registered in Israel No. 57797. Registered Office: 7 Menachem Begin Rd, Ramat-Gan, Israel 5268102.

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered with the Dutch Chamber of Commerce in the Netherlands under number 72186178. Registered office Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands. CurrencyCloud B.V. is licensed and regulated by De Nederlandsche Bank as an Electronic Money Institution (Relation Number: R142701).

For United States, Payment services for Covercy Europe Ltd (Non-MIFID related products) are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: 1 Sheldon Square, London, W2 6TT, United Kingdom. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

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