{"slug":"financial-analyst-ai-hotel-dev-underwrite-e92cc8","title":"Ground-up hotel development underwriting","host":"financial-analyst.ai","method":"POST","resource":"https://financial-analyst.ai/hotel-dev/underwrite","category":"code","description":"Ground-up hotel development underwriting. Land + hard costs (S-curve draw) + soft costs + developer fee, funded by a construction loan (LTC) with capitalized interest, refinanced into a permanent loan sized on min(stabilized-value LTV, DSCR) at the CL term. Occupancy begins the month after construct","price_listed":2.0,"price_asked":2.0,"state":"answering","state_label":"Answering","checks_7d":1,"answered_7d":1,"latency_ms_median":882,"reported_calls_30d":0,"reported_payers_30d":0,"networks":["eip155:8453"],"badge":"unverified","paid_checks_7d":0,"paid_ok_7d":0,"example_input":{"body":{"cl_term_months":24,"construction_months":18,"developer_fee_pct":0.02,"exit_cap_rate":0.075,"exit_costs_pct":0.03,"hold_years":5,"land_cost":6695000,"num_keys":100,"opex_pct":0.35,"other_revenue_pct":0.15,"perm_dscr_min":1.25,"perm_ltv":0.65,"perm_rate":0.07,"perm_term_years":25,"q1_adr":195,"q1_occupancy":0.55,"q2_adr":260,"q2_occupancy":0.69,"q3_adr":375,"q3_occupancy":0.85,"q4_adr":310,"q4_occupancy":0.59,"soft_costs":4515000,"stabilized_cap_rate":0.075,"start_date":"2026-01-01","total_hard_costs":51975000},"bodyType":"json","method":"POST","type":"http"},"output_schema":{"type":"object"},"history":[{"day":"2026-10-04","reachable":true,"status":402,"valid_402":true,"asked_usdc":2.0,"price_match":true,"latency_ms":882,"error":null}],"description_full":"Ground-up hotel development underwriting. Land + hard costs (S-curve draw) + soft costs + developer fee, funded by a construction loan (LTC) with capitalized interest, refinanced into a permanent loan sized on min(stabilized-value LTV, DSCR) at the CL term. Occupancy begins the month after construction; the hold is measured from construction end. Returns unlevered and levered project IRR and MOIC. Reconciled to a SHA-pinned Excel model — see /hotel-dev/reconciliation.","last_updated":"2026-10-04T15:01:33.483Z","schemes":["exact"]}