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See how IRR moves across hold period and exit cap shifts — the same matrix LP underwriters build.
| Hold ↓ / Exit Cap Shift → | -50 bps (5.75%) | -25 bps (6.00%) | 0 bps (6.25%) | +25 bps (6.50%) | +50 bps (6.75%) | +75 bps (7.00%) |
|---|---|---|---|---|---|---|
| 3-Year Hold | 17.5% | 13.8% | 10.1% | 6.5% | 2.9% | -0.7% |
| 5-Year Hold | 15.8% | 13.8% | 11.9% | 10.0% | 8.2% | 6.3% |
| 7-Year Hold | 14.8% | 13.6% | 12.4% | 11.2% | 10.0% | 8.8% |
| 10-Year Hold | 13.7% | 13.0% | 12.3% | 11.6% | 11.0% | 10.3% |
IRR sensitivity across hold period and exit cap shift. Cap rate expansion of just 25 bps over a 10-year hold can shave 200+ bps off IRR. Green = institutional target zone (12%+); red = below cost of capital.
Every Linton Global Solutions calculator is built to institutional underwriting standards — use them together to stress-test any Florida CRE acquisition, hold, or disposition.
Capitalization rate from NOI and purchase price — the standard yield metric in CRE.
Debt service coverage by asset class — 1.20x multifamily to 1.55x hospitality.
Monthly P&I, annual debt service, balloon, and full amortization schedule.
Net Operating Income from rent roll and operating expenses.
Loan-to-Value sizing for stabilized, value-add, and bridge scenarios.
Levered yield: annual pre-tax cash flow divided by equity invested.
Multi-year hold pro forma with exit cap — the institutional return metrics.
Solve maximum loan amount from NOI, DSCR minimum, rate, and amortization.
Stabilized NOI divided by total project cost — the value-add and ground-up benchmark.
The minimum occupancy required to cover debt service plus operating expenses.
Quick price-to-gross-rent ratio — the multifamily rule of thumb.
Model current vs new debt, cash out at refi, and post-refi DSCR.
Preferred return plus promoted-interest tiers for JV and syndication splits.
NOI ÷ Loan — the cap-rate-independent leverage test every CMBS lender runs.
Construction and value-add leverage sizing across land, hard, soft, and reserves.
Balance the capital stack — senior, mezz, pref, sponsor, LP — to the dollar.
Normalize face rent for free rent, TI dollars, and annual escalators.
Owner-occupied CRE financing — bank/CDC splits, monthly P&I, true cost.
All-in annualized rate including origination, exit fee, and legal — not just the coupon.
Interest reserve sizing, net usable proceeds, and total financing cost.
Benchmark against submarket comps — flag undervaluation discounts of 20%+.
3-constraint conduit underwriting: DSCR, LTV, and debt yield tested simultaneously.
Bridge senior debt to sponsor equity — model the blended cost of capital.
Reclassify 20–35% of basis to 5/7/15-year — year-1 tax savings ROI 8–10x.
Compare total lease cost vs net buy cost — including principal paydown and appreciation.
NOI growth, debt service, exit value, and equity multiple in one institutional projection.
Net Present Value at your hurdle rate — the accept/reject test institutional investors run.
OpEx ÷ EGI by asset class — the fastest red-flag check on operating statements.
Quantify tenant improvement dollars as % of PV rent and required rent bump to recover.
CMBS prepayment penalty estimator — PV of lost yield to the lender.
Fix-and-flip math — purchase, rehab, carry cost, selling costs, annualized ROI.
Fixed, CPI, or stepped escalations alongside CAM reconciliation and pro-rata share.
Sharpe & Sortino vs strategy-bucket benchmarks (core, core-plus, value-add, opportunistic).
County millage rates with post-sale reassessment for every Florida county.
Wind, flood, and general liability $/SF by asset class and Florida zone.
Identify taxable boot in your 1031 exchange before closing the replacement.
Depreciation recapture, federal LTCG, NIIT, and 1031 deferral modeling.
Florida documentary stamp tax on the deed and the mortgage note.
Buyer and seller closing-cost itemization with FL-promulgated title rates.
Stabilized real estate IRR is dominated by exit cap rate. A property bought at a 6% cap and sold at a 6.5% cap gives back ~8% of value at exit — wiping out 200+ bps of IRR. Hold period magnifies this: a 50 bps cap expansion over a 3-year hold is brutal; over a 10-year hold, NOI growth can absorb much of it.
This matrix lets you see both dimensions at once — the standard institutional stress test.
Pair with Pro Forma, IRR + EM, and Risk-Adjusted Return.
Free sensitivity review on your Florida CRE deal.
Free Underwriting Review