First time poster but long term lurker here. Appreciate all the help this site (and you guys) have given me over the years.
I have a scenario where I'm modelling a ground up development for a resi-led scheme. It's all good up until the point of the debt modelling.
Theres essentially two loans I have to model, a construction loan for the build (LTC) and an exit loan (LTV) presumably on refinance. So far I have worked out the draws (including equity) but I'm struggling to visualise/model how exaclty the second LTV loan will take out the first loan.
Any help would be much appreciated. Thanks in advance.