Know the payment
before the offer.

Every run includes all three cases so the committee view is complete regardless of the result tab in focus. The simulation runs on this device and shows its progress.

• Interest-rate band: follows the interest rate you entered (6.75%).
• Vacancy band: follows the vacancy you entered (5%).
• Exit-cap band: follows the exit cap rate you entered (6.5%).

The simulation draws the loan's interest rate from the band above, which follows the interest rate you entered until you change the band yourself. For a loan whose rate is fixed, set low, mode and high to that rate. The vacancy and exit-cap bands follow the vacancy and exit cap you entered the same way, with the mode a point above vacancy and a quarter point above the exit cap, so the simulation leans to the downside; the rent and expense bands are illustrations to set to your own view.