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Stabilization Burn Rate Calculator

Stabilization burn = interest reserve depletion rate.

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Monthly burn

$120,000

Total stabilization cash need

$1,440,000

Annualized burn

$1,440,000

How the math works

Monthly burn = debt + OpEx − rent. Total need = burn × months. Annualized = burn × 12.

$135k + $75k − $90k = $120k/mo burn. × 12 months = $1.44M total need. Annualized $1.44M — reserve must cover.

How to Use

  1. Enter monthly debt service.
  2. Enter monthly OpEx.
  3. Enter monthly rent at current occupancy.
  4. Enter expected months to stabilization.
  5. Read monthly burn and total stab-period need.

Frequently Asked Questions

What is stabilization?

Industry definition: 90-95% occupancy sustained for 3-6 consecutive months. Commercial: often requires 85% occupancy + DSCR > 1.25. Lenders define precisely in loan docs. Before stabilization, loan may be in IO; after, amortization begins or perm takeout triggers.

Typical burn?

Garden multifamily 200 units: $50-150k/mo burn during lease-up. Urban Class A: $200-400k/mo. Senior housing: longer lease-up (9-15 months). Industrial build-to-suit: minimal burn (pre-leased). Plan burn carefully — under-reserved projects fail.

Reduce burn?

Pre-lease commercial before CO. Faster lease-up velocity. Lower OpEx during lease-up (not fully staffed). Extended IO provisions in debt. Mezzanine or pref equity to fund burn gap. Early close on anchor tenant moves needle significantly.

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