Denver-based software provider FIMAC Solutions LLC has released Construction Stress Analytics, which analyzes how a commercial construction or development project may perform over the life of the project under stress.
Focusing on eight factors of stress, the program estimates loan interest payments, loan-to-value ratios and loan payout dates, as well as analyzes whether a project is able to generate sufficient cashflow for total repayment, FIMAC says.
Users can stress-test individual loans on numerous factors specific to construction lending, including interest rates, absorption rates, project timing and repayment structure. The model works for single homes, large land and housing developments, condominium complexes, office buildings and other project types.
SOURCE: FIMAC Solutions LLC