The Funding section is where you build your project's funding stack, typically a mix of debt and equity structured to cover total project costs.
This is where Feasly's calculation engine really flexes.
Advanced algorithms power real-time simulations across the entire funding structure. Drawdowns, interest provisions, fee treatments, rollovers, and multi-layered waterfalls are all automated. Add a funding source, adjust an input, change a cost and every figure and report updates instantly across the platform.
There are 6 components to the funding section
Funding Metrics (automated)
Funding Stack Cost Basis (user-selected)
Funding Sources (user-added)
Funding Stack Metrics (automated)
Repayment Waterfall (user-selected)
Cost Coverage (user-applied)
To run different funding strategies (in under 5 minutes), duplicate your scenario from the Dashboard and compare them side by side in the Viability section.
Funding Metrics
Four widgets at the top of the page update in real time as you build your funding stack.
Project Costs To Fund
Project Costs To Fund
The total amount your funding stack needs to cover. This is your target — build your stack until Shortfall / Surplus reaches $0.
What's included: Land, Acquisition Costs, Professional & Consulting Fees, Construction & Works Costs (including Contingency), Infrastructure & Authority Fees, Land Holding Costs, Sales Costs (Other), Marketing Costs, Unfunded Debt and Equity Fees, Interest (Serviced).
What's excluded: Funded finance costs and interest provisions (capitalised within a facility), rental costs (offset by rental income), and Sales Costs (Settlement).
Available Debt
Available Debt
Total debt facility available to draw across all debt sources.
Available Equity
Available Equity
Total equity (Ordinary and Preferred) committed across all equity sources.
Shortfall / Surplus
Shortfall / Surplus
The difference between Project Costs to Fund and total funding available. Shortfall displays in red with bracket notation. Surplus displays in green. Aim for $0 or a small surplus.
Funding Stack Cost Basis
Determines what cost base is used in funding stack section.
Not quite sure? Read this Guide: Funding GST in Property Developments
GST Exclusive: funding calculates costs as GST Exclusive.
GST Inclusive: funding calculates costs as GST Inclusive.
This changes:
Cost-based LVR facilities
Cost coverage amounts and funding allocation amounts
Shortfall / Surplus position
Reports: Funding Coverage and Funding Allocation reports display in selected cost basis.
An important decision which affects your entire funding stack calculations and metrics.
Adding a Funding Source
Multiple funding sources can be added, updated, edited, or deleted at any time.
Adding a new source updates the entire calculation logic and every report across the platform real time. Project Costs to Fund will update to include any unfunded fees (debt or equity) and any serviced interest. The waterfall order sets the priority repayment order.
Click + Add Funding Source to configure a new funding source and select your Source Type (Debt or Equity) and complete the inputs.
Debt Sources
Debt Sources
Configure each facility with options:
Facility Type:
Type is based on the interest handling:
Capitalised: interest accrues on draws and fees, repaid from net sales proceeds, OR
Serviced: interest repaid monthly from other funding source (usually equity).
Calculation Type:
LVR Auto-Calculate: Feasly calculates the facility and interest provision from LVR inputs, OR
Manual Override: enter the facility and interest provision amounts directly.
LVR Basis options:
LVR Basis | Logic | GST Rule |
Gross Realisation Value (GRV) | Total Sales (Inc GST) | Always Inc GST |
Net Realisation Value (NRV) | Total Sales Revenue (Inc GST) less GST Collected less Sales Costs (Settlement). ▶ No margin scheme benefit applied (if applicable) | Always Ex GST |
TDC | Land Purchase Price + Professional Fees + Construction Costs (Including Contingency) + Infrastructure & Authority Fees + Land Holding Costs + Marketing + Sales Costs (Other) | Dependent on Cost Basis selection
|
Land Purchase Price | Land Purchase Price | Dependent on Cost Basis selection |
Construction Costs | Total Construction Costs | Dependent on Cost Basis selection |
Construction Costs Inc Contingency | Total Construction Costs + Contingency. | Dependent on Cost Basis selection |
Custom Amount | Manual Input | No GST applied |
LVR %:
Percentage of the selected LVR basis.
Interest Rate (% pa):
The annual interest rate applied to the facility.
Term (Months):
The duration of the facility in months.
Total Facility Amount (if manual):
Facility amount before funded fees and interest provision.
Interest Provision (Capitalised):
Interest provision capitalised within facility over the term. Calculation: 55% drawdown at midpoint term.
How Feasly Estimates Debt Interest
How Feasly Estimates Debt Interest
Interest accrues on your outstanding balance as you draw down. Before a draw schedule exists, Feasly estimates interest using a drawdown factor of 0.55 — an average of 55% of the facility outstanding across the term.
Interest = Facility × Rate × (Term ÷ 12) × 0.55
Example: a $2,000,000 facility at 12% over 12 months: $2,000,000 × 12% × 1 × 0.55 = $132,000 ($11,000/month)
This applies whether interest is capitalised (reserved inside the facility as a provision, reducing your available drawdown) or serviced (paid each period from your own funds, leaving the full facility available).
0.55 is a planning estimate, not a precise figure. A facility drawn late or repaid early carries less interest; one drawn in full up front carries more. Treat it as a starting point.
Getting a sharper figure
Once Scheduling is complete, the Debt Facility Schedule calculates interest from your actual month-by-month draws and shows the variance against your estimate. The estimate in your model stays fixed — you see the gap rather than having it applied automatically.
To use the sharper figure in your model, switch the facility to Manual Override and enter the updated amount.
Est. Monthly Interest (Serviced):
Calculation: Principal × Annual Rate × Term
Fees:
Add schedule of lender fees against the facility.
Funded: capitalised within the facility, reduces available facility amount (GST locked to Exclusive).
Unfunded: payable from alternate funds.
Credit: offset against facility costs.
Feasly Pro users: the Reports section includes detailed Debt Facility reports — Funding Coverage, Funding Allocation, and a Debt Schedule for each facility showing full drawdown, interest accrual, and repayment detail.
Equity Sources
Equity Sources
Configure each equity source with options:
Select Equity Type:
Ordinary (Developer): Add Ordinary equity $Amount commitment to the project.
Preferred (Investor): Add Preferred equity $Amount investment and configure returns and fees settings. Preferred Equity has additional investment returns handling in Feasly.
Preferred Equity Returns & Fees:
Returns: select the return structure (add as many as required), options include:
% Net Project Profit (Post-Tax): investor receives a percentage of net profit.
% Interest Return (Project Term): investor receives interest calculated over the project term.
Fixed $ Amount Return: investor receives a fixed dollar return.
Fees: add deal-related fees (e.g. legal). Treated as unfunded funding costs.
If the project has multiple Ordinary Equity or Preferred equity sources, a FeaslyPro subscription is recommended. The Reports section includes Profit Distribution Report with additional repayment configurations parter reporting.
Funding Stack metrics
Display once sources are added:
Equity to Cost: total equity as a percentage of project costs.
Debt to Cost: total debt as a percentage of project costs.
Debt to GRV: total debt as a percentage of Gross Realisable Value.
Total Funding Costs: all interest and fees across the funding stack.
Weighted Avg. Cost of Debt: blended interest rate across all debt facilities.
Repayment Waterfall
The waterfall defines repayment priority. Priority 1 is most senior.
Drag and drop funding sources to set their priority order. Feasly automates repayment logic based on this order. Senior debt is always repaid first from net sales proceeds.
Cost Coverage
Cost Coverage shows every project cost category and lets you manually allocate which funding source covers each one. The coverage tracker at the top shows how much of each funding source has been allocated and how much is remaining.
Click Allocate Funds beside any cost category to open the allocation popup. Select a funding source and choose your allocation method:
Percentage of cost: allocate a percentage of the cost category to the selected source.
Fixed dollar amount: allocate a specific dollar amount to the selected source.
Fill remaining: allocates the remaining unallocated balance of the funding source to this cost category.
Click Clear to remove an allocation from a cost category at any time.
Note: Construction & Works includes contingency amount.
Feasly Pro users: Cost Coverage allocation affects how drawdowns are calculated in the Debt Facility Schedule and Funding Coverage reports.