Private Construction Mortgage • Cape Coral & Lehigh AcresIn Partnership with OPM Investments LP

First Boston Merchant Trust and Company

Arctic-blue fintech view of staged draws, collateral coverage, and build-to-payoff economics — 15% construction interest (drawn capital only) + time-weighted 5% exit premium (APR) due at payoff.

Property Portfolio Map

3 properties in Cape Coral & Lehigh Acres, FL — Total Investment: $176,727

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2
3
1

908 Capetown, Lehigh Acres

Initial Draw to take Project

$81,727

2

1247 Edna, Lehigh Acres

Initial Draw to take Project

$40,000

3

4603 Cape Coral

Initial Draw to take Project

$55,000

Total Portfolio Investment$176,727

Total Investment

$176,727

3 properties combined

Properties

3

Cape Coral & Lehigh

Collateral Value

$390,000

Target at completion

Term

6 mo + 30d

Repay at completion + 30 days

OPM IRR

21.1%

Annualized (illustrative)

Timeline: Draws → Completion → Payoff

Three equal advances, completion at month 6, then payoff at month 7(completion + ~30 days). Payoff includes principal + accrued interest (drawn only) + a time-weighted 5% exit premium (APR) based on average outstanding capital.

Draws: M0, M2, M4 • Completion: M6 • Payoff: M7

Draw Amount

$58,909

3 equal installments

Interest

15% APR

On drawn principal only

Exit Premium

$3,682

5% APR on outstanding (time-weighted)

Total Payoff

$191,454

At month 7

Month-by-Month Schedule

Interest and exit premium accrue on outstanding principal after each draw, continuing through the payoff lag. Table shows each monthly period and the accrual amounts.

Interest rate: 1.3% • Exit rate: 0.4%
PeriodBeginningDrawEndingInterestExit PremiumCum. InterestCum. ExitOPM Cashflow
M0 → M1$0+$58,909$58,909$736$245$736$245($58,909)
M1 → M2$58,909$58,909$736$245$1,473$491
M2 → M3$58,909+$58,909$117,818$1,473$491$2,945$982($58,909)
M3 → M4$117,818$117,818$1,473$491$4,418$1,473
M4 → M5$117,818+$58,909$176,727$2,209$736$6,627$2,209($58,909)
M5 → M6$176,727$176,727$2,209$736$8,836$2,945
M6 → M7$176,727$176,727$2,209$736$11,045$3,682
M7 Payoff$191,454

Coverage & Draws (Build + Payoff Lag)

Drawn capital steps up in three equal installments. Collateral value stays higher and builds to $390,000, then holds through payoff.

Draw months: M0, M2, M4 • Payoff: M7

Construction Interest

15% APR

Accrues only on advanced capital

Exit Premium

5% APR (time-weighted)

Accrued, due at payoff

Repayment Trigger

Completion + 30 days

Principal + accrued + premium

Collateral Composition (End of Build)

Visual allocation of collateral value — lot, materials, labor, soft costs, and market cushion — totaling $390,000.

Total collateral: $390,000
Lot
$95,000
Materials
$140,000
Labor
$120,000
Soft Costs
$20,000
Market Gain
$15,000
Tip: adjust the bucket values to match your real budget and appraisal; the pie updates automatically.

Economics at Payoff

Illustrative payoff if repaid at payoff date (completion + ~30 days): principal + accrued 15% interest on drawn capital + time-weighted 5% exit premium (APR) on outstanding capital.

Preview math uses 3 draws at M0, M2, M4 with payoff at M7.

Accrued Interest

$11,045

15% APR on drawn principal only

Exit Premium

$3,682

5% APR, time-weighted on outstanding capital

Total Payoff

$191,454

Principal + interest + exit premium

Disclaimer: Visuals are illustrative for presentation. Final legal terms control.
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