Structure the capital stack — and see who earns what.
Layer senior debt, mezzanine, and equity onto your pro-forma. UnlockLand builds sources & uses, sizes each tranche against the deal, and shows the return that flows to every position.
Part of underwriting — financing sits on top of the model and feeds your returns.
Illustrative interface — resize any tranche and the equity gap, coverage ratios, and blended cost update live.
Sources and uses that always balance
Capital Stack sits on top of your financial model and turns funding into structure. Size each tranche by loan-to-cost or loan-to-value, set the order of repayment, and watch the leftover equity — and its return — adjust automatically as the deal moves.
Senior and mezzanine debt sized to LTC, LTV, or DSCR limits — with interest, fees, and drawdown reflected in cash flow.
Common and preferred equity fill the gap, with a waterfall that splits profit by hurdle, promote, and preferred return.
See blended cost of capital and the IRR and multiple earned by the lender, the sponsor, and each equity partner.
How it works
{{ s.title }}
{{ s.body }}
Sources, uses, and who earns what
The funding that pays for the project on one side, the cost it covers on the other — and the return each position earns once the deal pays out.
What goes in, what comes out
- {{ i }}
- {{ o }}
Where it fits in the workflow
The capital stack sits between the model and the memo. It draws costs and cash flows from Financial Modeling, then hands a fully-funded deal to stress-testing and the write-up.
Ready to compare plans? See pricing.
Build the stack. Know every return.
Start free and structure your first deal in minutes — no credit card required.