Jaken Finance Group Land & Spec-Margin Calculator

Cost stack Land / lot basis ($) Horizontal / demo / site work ($) Vertical hard cost ($) Soft costs ($) Contingency (% of hard + horizontal)

Value & carry As-completed value ($) Land-only LTV (%) Typical land band: 50%–65% of as-is land value. Interest rate (% annual, IO) Reserve months (on avg drawn balance) Avg drawn % of max loan (for reserve)

All-in cost

—

75% of as-completed

—

Max vertical loan

—

Cash / equity gap

—

Land-phase max loan

—

Est. interest reserve

—

Gross margin vs ARV

—