Financial sponsor with an effed up model

I'm looking at a financial sponsor's model... and it looks like they completely ignored the grace-period on their bridge facilities in their debt schedule. They immediately jumped to the cap rate. Why would they do that? Its a VERY legit PE shop, one of the most well known, there's no way they could have made a mistake like this... is there? Are they just erring on the conservative side?

Any PE guys have an explanation?

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