Funding Coverage shows how each funding source draws against development costs, month by month, across the capital stack.
All figures are GST exclusive and include development and funding costs.
Funding Summary
Peak Debt Balance: the highest cumulative debt balance at any point, shown with the month it occurs
Total Debt Drawn: total drawn across all facilities
Total Equity Contributed: total contributed across all equity sources
Blended LTC: peak debt divided by development costs
Blended LVR: peak debt divided by GRV, inclusive of GST
Both blended ratios are calculated on peak debt, not total debt drawn. A project that draws and repays across the timeline will show a lower peak than its total drawn, so these ratios read lower than a simple total-to-value calculation.
Funding Schedule
A monthly view of funding against costs. Rows cover:
Total Development Costs: monthly cost outflows
Unfunded Fees: fees payable from sources other than the facility they relate to
Serviced Interest: monthly interest on serviced facilities, shown as an estimate
Each funding source: the monthly draw per source
Total Funding: combined monthly draw across all sources
Monthly Funding Balance: the difference between costs and funding for that month
The report displays GST inclusive or exclusive according to the Funding Stack Cost Basis selected in Funding.
