{"uid":"cap_eosZrbEFWw1mJx7XpIQzS","slug":"financial-analyst-api-multifamily-development-underwriting-1a9ce736","name":"Financial Analyst API – Multifamily Development Underwriting","description":"Multifamily development underwriting — construction to hold to exit. Models construction draws (S-curve or straight-line), capitalized interest, lease-up ramp, construction-to-perm refi, and hold period returns. Returns development yield on cost, spread to cap rate, profit on cost, IRR and MOIC.","url":"https://financial-analyst.ai/mf-dev/underwrite?utm_source=zero.xyz","method":"POST","headers":{},"bodySchema":{"type":"object"},"responseSchema":null,"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"2","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$2/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"2","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"2","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_LfIeJj55DQ9oicQivECL1","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"2","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Underwrites multifamily ground-up development projects from construction through stabilization and exit, modeling draws, capitalized interest, lease-up, and refinancing to produce yield on cost, IRR, MOIC, and profit on cost.","exampleAgentPrompt":"Run a full multifamily development underwrite for a 200-unit ground-up apartment project: $40M total cost, 24-month construction with S-curve draws, 6% construction loan rate, 12-month lease-up ramp, then refi into a perm loan at 5.5%, hold for 5 years, and exit at a 5.25% cap rate — give me the yield on cost, spread to cap rate, profit on cost, IRR, and MOIC.","exampleUseCases":[{"title":"Ground-up apartment development feasibility","prompt":"I'm looking at a 150-unit multifamily development with $35M in total project costs. Can you underwrite it with an 18-month construction period using S-curve draws, a 5.75% construction loan rate, 10-month lease-up, construction-to-perm refi at 5.25%, a 7-year hold, and a 5.0% exit cap rate? I need yield on cost, profit on cost, IRR, and MOIC."},{"title":"Comparing S-curve vs straight-line draw impact","prompt":"Model a 300-unit ground-up multifamily deal with $60M total cost and a 30-month construction period — run it with straight-line draws at a 6.5% construction loan rate, 14-month lease-up ramp, then refi into a perm loan at 5.8%, hold for 5 years, and sell at a 5.5% cap rate. Show me the capitalized interest and development yield on cost."},{"title":"Multifamily development exit timing analysis","prompt":"Underwrite a 120-unit apartment development with $28M in total costs, 20-month construction with S-curve draws, 6% construction loan, 8-month lease-up, construction-to-perm refi at 5.4%, and model returns at both a 3-year and 7-year hold exiting at a 4.75% cap rate — what's the IRR and MOIC at each hold period?"}],"resultDescription":"Returns a structured financial model including development yield on cost, spread to market cap rate, profit on cost percentage, levered IRR, MOIC, capitalized interest totals, construction draw schedule, stabilized NOI, and hold-period cash flow summary — covering the full lifecycle from construction through exit.","failureModes":["Missing required construction cost or loan inputs returns a validation error","Invalid draw schedule type (not S-curve or straight-line) causes a 400-level error","Inconsistent or physically implausible timeline inputs (e.g. lease-up longer than hold period) may produce unrealistic outputs or an error","Network timeout or service unavailability returns a 5xx error","Insufficient USDC balance or payment failure returns a 402 Payment Required error"],"whenToPreferThis":"Choose this endpoint when underwriting a ground-up multifamily development (apartment buildings) that involves a construction phase, construction loan with draw schedule, lease-up ramp, and optional construction-to-permanent refinancing before eventual exit — as opposed to acquiring an existing stabilized multifamily asset, modeling a fix-and-flip, or underwriting industrial or other CRE property types. Prefer the multifamily acquisition endpoint for existing assets.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-10-10T18:40:55.506Z","isFirstParty":false,"canonicalSlug":"financial-analyst-api-multifamily-development-underwriting-1a9ce736"}