Condo Conversion & Sellout Feasibility Planner
Do unit closings repay the debt and return enough sponsor cash?
Private browser calculationBase + risk comparisonCSV · project file · print
Method reviewed October 25, 2026 · All prefilled amounts and rates are hypothetical examples. Replace them with supported project figures.
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Model DC condo sellout timing, unit proceeds, loan release requirements, maturity payoff, cash security and downside funding gaps. Read the method and boundaries.
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Project files retain scenarios across the nine workbench models and share a private label. BRRRR and condo models can also share purchase, acquisition, construction and soft-cost inputs. Each model retains its own financing, cash and operating assumptions. A saved tool scenario restores its own values.
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Individual unit sales and loan releases
Use a private reference. All rows and amounts below are illustrative until you replace them.
Method, assumptions and DC source boundaries
These equations are our planning analysis. Agency sources explain legal or supervisory context; they do not validate a property, approve a lender request or supply the fictional rates and prices above. Method version 2026-10-25.1.
- This is a conservative upfront-capital model: the full loan is advanced and all acquisition/construction/soft costs are paid in month 1. Use the draw planner for actual staged construction funding. Interest is simple monthly on opening principal; closings and release paydowns occur at month-end.
- Holding costs are paid before closing receipts and stop after the final modeled unit sale. Per-unit carry applies to units unsold at the start of that month. Retained post-sale obligations need their own budget. The peak cash figure captures the pre-sale cash low within each month.
- A unit release payment is capped at remaining principal. Any excess over that unit’s net proceeds is identified as a release funding shortfall. Remaining debt is paid at entered maturity, even if downside sales have been delayed. This models a cash requirement, not a lender extension or consent.
- Cash security reduces available cash while held and is not an expense. Any entered return month is your scenario assumption, not a statutory release determination. The statutory warranty/security framework and any bond premium need project-specific advice.
- Enter lawful unit prices, including restricted units, actual negotiated seller costs/taxes and current release terms. No IZ price, tax rate, unit approval or buyer financing is inferred.
- Full-project profit and same-mix break-even sellout are shown only if every unit sells within the horizon. Unsold inventory is not counted as realized proceeds. Break-even holds dates, release paydowns, seller percentages and the relative unit price mix fixed.
Evidence to confirm
- Condominium registration, offering statement and cancellationDC Law Library · Context reviewed October 25, 2026
- Conversion condominium reports and tenant noticesDC Law Library · Context reviewed October 25, 2026
- DC Code §42-1903.16: structural warranties and warranty securityDC Law Library · Context reviewed October 25, 2026
- Inclusionary zoning for residential developersDC Department of Housing and Community Development · Context reviewed October 25, 2026
- Commercial Real Estate Lending, version 2.0Office of the Comptroller of the Currency · Context reviewed October 25, 2026 · Bank supervisory reference reviewed 2026-10-24, including March 2025 update note; not universal private-lender terms
- Recorder of Deeds: tax rates and recording questionsDC Office of Tax and Revenue · Context reviewed October 25, 2026
Keep actual quotes, leases, tax/closing calculations, approval records and release conditions with your project. No automatic entitlement, valuation, savings or funding outcome is represented.