Kinney Portfolio — Asset Management Dashboard

Portfolio Net Cash / Month

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Portfolio DSCR

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base rent ÷ debt service

Cash-on-Cash

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enter loan amounts below

Occupancy (by SF)

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($16k) / mobreak-even$16k / mo

Scenario — click an LOI to load, then fine-tune below

Show totals

📄 Latest LOIs ▤Forge — Gelato + Whiskey & Wafflescounter · 6/25/26 ▤Pie Dive Bar — Alyssa's counterlatest · 7/12/26 ▤Pie Dive Bar — Ben's counterlast week · 7/8/26

Fairhaven Historic District · Bellingham, WA

Acquisition & Cash-on-Cash Returns

Ben's purchase prices are in. Enter each new loan amount (principal) when the refi terms land and cash-on-cash computes automatically from the selected scenario's cash flow.

Cash Flow Projection — Both LOIs Signed

Portfolio net cash from the Aug 1, 2026 loan start. Pie Dive Bar pays from month 1; the gelato corner opens after a 3-month build-out; the Fat Pie space is free for 8 months, gross for 4, then NNN. Toggle Monthly/Annual above and compare the two Pie Dive Bar counters below.

Pie Dive Bar

Gelato opens · mo

Pie Dive Bar opens · mo

Fat Pie free rent · mo

surplus shortfall lease milestone

Debt Maturity & Lease-Up Timeline

The lease-up ramp against the two WECU loans' key dates — Acme's 2-year balloon and Knights' 5-year rate reset — from the Aug 2026 loan start out to the 2036 maturity.

lease-up / stabilized balloon — refinance rate reset

How to read this

Net cash = base rent minus the new loan payment (the basis Ben's own figures use). On NNN leases the tenant reimburses operating costs separately, so base rent ≈ net to the landlord on leased space. Every space is tagged NNN or Gross.
Forge FB (counter, 6-25-26) takes the whole building except A Lot of Flowers, in two pieces: the Acme Corner (1,093 SF, gelato) at $29/SF NNN with no free rent, and the Fat Pie space (6,700 SF, Whiskey & Waffles) with 8 months free, then months 9–12 at $5,000/mo gross, then $16/SF NNN — 3% annual bumps from Year 3 on both.
Pie Dive Bar (1210, 2,250 SF usable) — income starts Aug 1, 2026. Toggle the projection between Alyssa's revised counter ($3,000 / $3,200 / $3,400 / $3,600 / $3,800, then 3%/yr → $4,405.24) and Ben's counter from last week ($3,000 / $3,500 / $4,000, then 3%/yr → $4,919.50). Both open at $3,000 in Year 1; they diverge on the escalator — Alyssa's ramp is gentler, Ben's steeper. 10-yr term, two 10-yr options, $1,000 deposit, landlord pays NNN during construction.
Financing (Whatcom Educational Credit Union): Acme #405568653 — $1,100,000 at 6.396% fixed, 25-yr amort, payment $7,371.50, but a 2-year balloon (matures Jul 10, 2028). Knights #405568645 — $1,285,000 at 6.396% initial, variable (resets Jul 2031 off the 5-Yr FHLB Des Moines rate + 2.375% margin, 3.75% floor), 25-yr amort, payment $8,600.77, 10-yr balloon (Jul 10, 2036). Interest accrues from the note date; first payments Aug 10, 2026.
DSCR = base rent ÷ loan payment (1.00x = break-even). Cash-on-cash = annual cash flow ÷ equity (purchase price − loan). Both real loan principals are loaded, so LTV, equity and CoC now compute live — adjust a loan amount in the Returns table to re-flex.
Negative figures are shown in (red parentheses), accounting style. Timeline is anchored to the Aug 1, 2026 loan start.

Kinney Portfolio Dashboard

Kinney Two-Building Portfolio

Scenario — click an LOI to load, then fine-tune below

Acquisition & Cash-on-Cash Returns

Cash Flow Projection — Both LOIs Signed

Debt Maturity & Lease-Up Timeline