Blog
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2 posts
The Capital Stack Is Where Real Estate Deals Actually Get Decided
Debt and equity want different things, leverage amplifies both ways, and lender ratios — LTV, DSCR, debt yield — are how lenders translate risk into hard caps on what a deal can carry.
Real Estate Development Only Works When the Numbers Work
The value side of real estate feasibility — pro forma, NOI, cap rate, and land residual. The instruments that decide whether a project's stabilized value will exceed its all-in cost before you ever talk to a lender.