How is the maximum multifamily loan estimated?

CapShark estimates separate maximum loan amounts from the entered LTV limit, minimum DSCR and minimum debt yield, then uses the lowest result as the modeled maximum.

How does CapShark estimate required rent and maximum renovation spend per door?

In refinance mode, CapShark solves the NOI and scheduled rent needed to satisfy the entered LTV, DSCR and debt-yield constraints. The renovation spending ceiling is the lower of modeled financing capacity and 80 percent of estimated value created, divided by renovated units.

How does the multifamily BRRRR calculator work?

BRRRR mode combines purchase equity and closing costs, renovation and carrying costs, stabilized NOI and value, permanent loan constraints, refinance costs, cash recovered and cash left in the deal.

Can this calculator be used for a refinance or mortgage renewal?

Yes. Refinance mode compares the proposed loan with the existing balance and estimated transaction costs to show potential net proceeds or cash required.

Is the result a lender approval?

No. Results are decision-support estimates and not a financing commitment, appraisal, rate quote or lender approval.

Canadian multifamily financing

See what the property may support.

Size an acquisition or refinance through the three constraints that commonly shape commercial mortgage proceeds: property value, debt-service coverage and debt yield.

Acquisition analysisEstimate financing capacity and total cash required to purchase.

Property and income

Use a current rent roll and normalized annual operating costs where available.

User entered

Property address

Market city Outlook

Auto-selected when the optional address includes a supported city. Used only for the stated outlook.

Residential units

Purchase price

Annual scheduled rent

Annual other income

Vacancy and collection loss

Annual operating expenses

Annual replacement reserve

Financing scenario

Compare the proposed loan with your lender-style sizing constraints.

User entered

Existing loan balance

Existing interest rate

Remaining amortization

yrs

Proposed loan amount

Proposed interest rate

Amortization

yrs

Mortgage term

yrs

Maximum LTV

Minimum DSCR

Minimum debt yield

Closing costs

Buy and stabilization plan

Model the capital required before permanent refinancing.

User entered

Purchase / bridge loan

Months to stabilize

Monthly carrying costs Beyond operating expenses

Refinance costs % of new loan

Stabilized exit cap rate

Target capital recovery

Permanent financing is tested on stabilized NOI and value. Purchase debt, renovation spending, carrying costs and both closing events are included when CapShark calculates cash recovered and capital remaining in the deal.

Value-Add Refinance PlanOptional rent and renovation assumptions

Units to renovate

Planned stabilized rent Per unit / month

Planned renovation cost Per door

CapShark solves the required rent independently. Your planned rent and cost are used only to test the proposed value-add plan against that requirement and the calculated spending ceiling.

CapShark financing verdict

Financing appears supportable

The proposed loan fits within the modeled LTV, DSCR and debt-yield constraints.

Supportable

Proposed LTV—

Minimum DSCR—

Debt yield—

Primary risk—

Estimated max loan—Lowest of the three modeled constraints

Cash required—Equity plus estimated closing costs

Annual cash flow—NOI less proposed annual debt service

Proposed DSCR—Against a 1.25× modeled minimum

What limits the loan?

Loan proceeds are estimated independently under each constraint.

CapShark calculated

Value / LTV75% of value

—

Debt coverageAt 1.25× DSCR

—

Debt yieldAt 8.0%

—

Value-add refinance plan

What must the renovation accomplish?

CapShark solves the minimum rent needed for the requested loan, then tests your planned stabilized rent and renovation budget against income, value and financing constraints.

Pass

Minimum rent required—Current average: —

Required rent lift—Per renovated unit / month

Maximum spend / door—Lower of financing and value ceilings

Total spending ceiling—Includes a 20% value-creation buffer

Post-renovation economics

Planned stabilized rent—

Post-renovation NOI—

Estimated stabilized value—

Additional loan capacity—

Cash-out at modeled maximum—

Budget test

Planned total budget—

Financing-supported ceiling—

Value-creation ceiling—

Budget cushion / shortfall—

CapShark verdict: —

Local market check—

Rent-rule check—Official provincial guidance →

Planning aid only. Unit mix, vacancy, tenant status, turnover, permitted work, lender normalization and provincial rules can materially change the result. Renovations do not automatically permit a rent increase or tenant displacement. Obtain legal and professional advice before acting.

Buy · Renovate · Raise rents · Refinance

How much capital comes back?

CapShark connects the acquisition, renovation, stabilized income and permanent refinance into one capital-recycling decision.

Workable

01 · Buy—Purchase price and initial financing

02 · Renovate—Planned scope and carrying period

03 · Stabilize—Average target rent per renovated unit

04 · Refinance—Target permanent loan

Total initial cash invested—Equity, purchase costs, renovation and carrying costs

Stabilized property value—From stabilized NOI and exit cap

Maximum refinance loan—Lowest stabilized LTV, DSCR or debt-yield result

Cash recovered at refinance—After repaying purchase debt and refinance costs

Cash left in the deal——

Return on remaining cash—Stabilized annual cash flow ÷ positive cash left

Show project and refinance details

Project economics

Current average rent / unit—

Required rent lift / renovated unit—

Stabilized annual NOI—

Total project cost—

Value spread above total cost—

Value-supported spend / door—

Refinance and retained position

Target refinance loan—

Refinance costs—

Stabilized DSCR—

Stabilized annual cash flow—

Equity retained after refinance—

Capital recovered—

CapShark verdict: —

Primary risk—

Rent and legal check—

BRRRR screening aid only. Stabilized value depends on a future appraisal and lender normalization. Renovations do not automatically permit rent increases, vacancy or tenant displacement. Verify financing, permits, construction scope, tenancy law, rents and exit cap rate with qualified professionals.

Imported from the Multifamily Deal RoomSource-labelled rent-roll and operating-statement totals were applied.

Review documents →

Screening estimate only. Lenders may use an appraised value, normalized NOI, different reserves, interest-rate floor or other underwriting adjustments. This is not an approval, rate quote, appraisal or financing commitment.

Deal health

The operating picture behind the loan.

Secondary ratios are grouped by the decision they support, with the lender-style loan constraints kept separate above.

Income

Property operations

Normalized NOI—

Effective gross income—

Cap rate—

Operating expense ratio—

Debt

Proposed financing

DSCR—

Debt yield—

Annual debt service—

Break-even interest rate—

Acquisition capital

Sources and uses

Total cash required—

Purchase equity—

Estimated transaction costs—

Monthly debt service—

CapShark analysis

Three conclusions to carry forward.

These conclusions update with the proposed loan, income, rate and underwriting thresholds.

Loan sizing

—

Coverage cushion

—

Capital result

—

Automated financing outlook

Today, year five and year ten.

CapShark selects a city-informed rent path, applies a conservative expense baseline and holds the entry cap rate constant. Debt service is held constant and does not predict renewal terms.

Market modelEdmonton, AB—

Rent path—

Expense baseline—

Value methodEntry cap rate held constant

Metric	Today	Year 5	Year 10
Normalized NOI	—	—	—
Annual cash flow	—	—	—
DSCR	—	—	—
Estimated property value	—	—	—
Estimated equity	—	—	—
Mortgage balance	—	—	—

Outlook verdict: —

Downside testing

How quickly does the cushion disappear?

Each case changes one assumption while holding the others constant. Use lender-specific thresholds when available.

Scenario	DSCR	Annual cash flow	Loan capacity	Status

Primary downside risk: —

Founding price: $99 per property

Prepare the full financing package for $99.

Turn the current screen into a structured acquisition or refinance package with normalized income, financing constraints, value-add strategy, stress analysis and a lender-ready diligence checklist. Every deliverable remains an underwriting aid—not a commitment, appraisal or approval.

Included free

Financing verdict and four primary KPIsLTV, DSCR and debt-yield sizingDeal health and basic downside casesSave and share a restorable analysis

$99 Full Package adds

Report ID, date and labelled assumptionsNormalized NOI and sources-and-uses schedulesValue-add rent, budget and refinance planExpanded stress, outlook and renewal analysisSponsor, conditions and due-diligence pagesShareable lender package for one property

Choose your deliverable

Acquisition

PropertyCurrent example

Borrower / sponsorAdd above if needed

Estimated max loan—

Normalized NOI—

Decision status—

Document sourceManual calculator inputs

Value-add plan—

Report delivery details

Email for the Stripe receipt and report

I agree to the Terms of Use, Refund Policy and report disclaimer.I reviewed the property inputs. I understand CapShark will match the purchase using a unique order reference and verify payment before fulfilment.

Order referenceCreated securely at checkout

Founding price

Full Financing Package

$99CAD · per property

Normalized NOI and sources-and-uses schedulesValue-add rent, budget and refinance planExpanded stress, outlook and renewal analysisSponsor, conditions and due-diligence pages

Continue to Stripe — $99

The $99 purchase opens secure Stripe checkout with a non-sensitive CapShark order reference. Stripe sends the receipt; CapShark verifies the matching payment before report delivery. Founding-beta requests are reviewed manually, and delivery timing is confirmed after payment and file review.

I consent to CapShark using the contact details I choose to send to respond and, if requested, share my inquiry with an appropriate financing professional.Discuss a lender introduction

Methodology and limitations

Know what the result does—and does not—mean.

How is the estimated maximum loan calculated?

CapShark calculates separate proceeds using the entered maximum LTV, minimum DSCR and minimum debt yield. The lowest of those three estimates becomes the modeled maximum loan.

How is maximum renovation spend per door calculated?

CapShark uses the lower of two screening ceilings: modeled cash-out after the existing mortgage and refinance costs, or 80% of the estimated value created by the higher NOI. It divides that amount by the renovated units. This is a conservative planning screen—not a contractor estimate, appraisal or lender commitment.

Does the calculator normalize NOI like every lender?

No. It uses the rent, vacancy, operating expenses and reserve entered by the user. A lender may adjust rents, vacancy, management fees, repairs, reserves or other items.

Can this replace a lender quote or appraisal?

No. It is a decision-support screen, not a financing commitment, rate quote, appraisal, legal opinion or investment recommendation.

What should I verify before relying on the result?

Verify the rent roll, trailing operating statements, property value, taxes, insurance, capital needs, existing mortgage payout and lender-specific underwriting requirements.