The Funding section is where you set up your project’s funding stack — usually a mix of debt and equity to cover total project costs.
Feasly gives you the flexibility to add and customise a wide range of funding structures, so you can model what best fits your project.
💡 Tip: To test different funding strategies, duplicate your scenario from the dashboard and compare them side-by-side in the Summary tab.
⚙️ Platform Automation: In the Funding and Financials sections, advanced algorithms power real-time simulations. Drawdowns, interest provisions, fee treatments, rollovers, and multi-layered waterfalls are all automated — every change updates instantly across the platform.
🪜 Automated Waterfalls
Repayment waterfalls are automated — just set the tab order by dragging and dropping to define repayment priority.
Built-in logic:
Senior Debt: always last to be drawn and first to be repaid.
Ordinary Equity: always last to be repaid. You control how costs are allocated to equity in the Financials section.
📊 Funding Widgets
Costs-to-Funding Summary
Provides real-time updates as you build your funding stack.
The Project Costs to Fund amount: Includes: All project and funding costs, contingency allocations. Excludes: Sales costs remitted at settlement, pre-construction rental income and sales deposit interest.
LVR Funding Estimator
Estimates debt capacity using Loan-to-Value assumptions.
Total Development Costs (Ex GST): Includes: Land & Acquisition, Professional Fees, Fees & Charges (Net of Credits), Construction Costs and Contingency Allocation. Excludes: Rental Costs, Land Holding, Marketing, Funding Fees & Interest.
💳 Debt Funding (Enhancement Coming Soon)
Build your project’s debt stack with up to four loan/facility types. You can add multiple facilities as needed, but only one Senior Debt and one Land Loan.
Feasly automatically manages interest, drawdowns, rollovers, and applies waterfall repayment logic in the Financials section.
Available Loan/ Facility Types
Land Loan (Serviced): Interest repaid monthly by equity.
Land Loan (Provisioned): Interest capitalised and rolled into Senior Debt.
Mezzanine Finance: Provides leverage between equity and Senior Debt.
Senior Debt: Primary facility, secured against the land and first repaid in the waterfall.
Land Loan (Serviced)
Loan secured against the land. Use when interest is repaid monthly by equity for the loan term.
Key Inputs:
Repayment: Convert to Senior Debt (refinanced). If repay from Net Sales Proceeds or selected date— Senior Debt is not permitted.
Calculation Options: Automated (choose LVR type & % rate) or Manual entry.
LVR Options: Loan-to-Land Value (Land Price) or Loan-to-Land Value (Valuation Price — manual input).
Facility Fees: Funded (reduces available principal) or Unfunded (treated as costs, covered by equity).
Interest: Simple interest (
Principal × Annual Rate × Term).
Land Loan (Provisioned)
Loan secured against the land. Use when interest is capitalised and refinanced into Senior Debt facility. 💡 Tip: Add Senior Debt before Land Loan (Provisioned).
Key Inputs:
Repayment: Auto-rollover into Senior Debt (principal + interest).
Calculation Options: Automated (choose LVR type & % rate) or Manual entry.
LVR Options: Loan-to-Land Value (Land Price) or Loan-to-Land Value (Valuation Price — manual input).
Facility Fees: Funded (reduces available principal) or Unfunded (treated as costs, covered by equity).
Interest (Provision): Capitalised during the term (assumes 55% drawdown by midpoint) and refinanced into Senior Debt at conversion.
Mezzanine Finance
Provides leverage between equity and senior debt.
Key Inputs:
Repayment: From Net Sales Proceeds (waterfall priority).
Calculation Options: Automated (choose LVR type & % rate) or Manual entry.
LVR Options: Loan-to-GRV, Loan-to-TDC, Loan-to-Construction Costs.
Facility Fees: Funded (reduces available drawdown) or Unfunded (treated as costs, covered by equity).
Interest (Provision): Capitalised during the term (assumes 55% drawdown by midpoint) and repaid at maturity.
Drawdown Schedule: Auto-calculates available drawdown, including interest provisions and funded fees.
📊 Financials Section (Additional Functionality):
When spans and funding allocations are complete:
Payback Date: Shows in Revenue> Planning> Sales-to-Debt Coverage (waterfall order).
Drawdown Wizard: In Financials > Planning > Funding. Auto-distributes drawdowns by cost timings, allocations & waterfall.
Interest Variance Wizard: In Financials > Planning > Funding. Re-calculates interest based on drawdowns, with option to offset variance in cashflow.
Senior Debt
Primary debt facility. Only one Senior Debt facility can be added.
Repayment: Repaid first from Net Sales Proceeds (waterfall priority).
Calculation Options: Automated (choose LVR type & % rate) or Manual entry.
LVR Options: Loan-to-GRV, Loan-to-TDC, Loan-to-Construction Costs.
Facility Fees: Funded (reduces available drawdown) or Unfunded (treated as costs, covered by equity).
Interest (Provision): Capitalised during the term (assumes 55% drawdown by midpoint) and repaid at maturity.
Drawdown Schedule: Auto-calculates available drawdown, including interest provisions, funded fees, and rollovers.
📊 Financials Section (Additional Functionality):
When spans and funding allocations are complete:
Payback Date: Displays in Revenue> Planning> Sales-to-Debt Coverage (waterfall order).
Drawdown Wizard: Available in Financials > Planning > Funding. Auto-distributes drawdowns by cost timings, allocations & debt waterfall.
Interest Variance Wizard: Available in Financials > Planning > Funding. Auto-calculates variance surplus/shortfall in interest, with option to offset in cashflow.
👥 Equity Funding
Build your project’s equity stack with two types: Ordinary Equity (developer contribution) or Preferred Equity (third-party partners).
In the equity waterfall, Preferred Equity is repaid before Ordinary Equity, which is always returned last.
🧑💼 Ordinary Equity
Represents the Developer’s contribution. Ordinary Equity is always returned last in the waterfall.
Key Inputs:
Contribution: Equity amount required to fund the project, considering debt funding % requirements and costs funded by equity (e.g. land deposit, sales costs).
Injection Schedule: Contribution schedule can be adjusted anytime.
💡 Tip: Include major known costs funded by Ordinary Equity for more accurate scheduling.
📊 Financials Section (Additional Functionality):
When spans and funding allocations are complete:
Equity Returns: Auto-calculated in Financials > Profit Distribution Report.
Equity-to-Cost Coverage: Shows equity required at specific project timings. Update the schedule anytime and view return estimates in the Profit Distribution Report.
🤝 Preferred Equity
Represents third-party equity partners and their investment returns.
Key Inputs:
Equity Investment Amount: Returned pre-tax (see Cashflow Report).
Equity Returns: Distributed post-tax (see Profit Distribution Report). Options include:
% Interest = Equity × Rate × Project Duration
% of Net Profit (calculated in Profit Distribution Report)
Fixed $ Amount Return
Equity Fees: Add deal-related fees (e.g. legal, advisory). Treated as funding costs (non-taxable deductions).
Equity Injection Schedule: Defines injection amount intervals.
Priority Payback Order: Controlled via tab order in the Equity Waterfall.
📊 Financials Section (Additional Functionality):
Investor Reports: Download individual Equity Investor Reports from Dashboard > Export Reports.
Equity-to-Cost Coverage: Displays timing of equity injections. Adjust schedules in the Funding section once spans are complete.
🆘 Need help with structuring your funding stack?
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