Pillar II · Templates · Forthcoming Q3 2026
The renovation budget your lender's construction consultant won't push back on.
A line-item renovation budget template separating <em>true value-add work</em> (cap-stack ROI > cost of capital) from maintenance and aesthetic spend. The format senior lenders fund, with the underwriting logic baked into the structure.
What it is
3 categories
Value-add (cap-stack ROI), maintenance (preserves), aesthetic (deferred-able).
XLSX
Single workbook with line items, ROI calc per category, and lender summary tab.
$19
$27 retail. 30 days no-questions refund.
Who this is for
Value-add sponsors
Multifamily and industrial reposition deals. The category discipline keeps your basis honest and your lender comfortable.
Construction lenders
Underwrite the budget against the renovation thesis. Every line item rolls up to the right ROI category so the loan basis is defensible.
LP allocators in DD
Read a sponsor's renovation budget through the same three-category lens. Spot the deals where the value-add thesis is doing the underwriting work.
Asset management
Re-categorize realized spend at project completion. Track which lines actually delivered the projected rent lift.
What's in the file
- Line-item budget by trade (sitework through finishes)
- Per-line category flag (value-add / maintenance / aesthetic)
- Per-line $/unit and $/sf metrics
- Contingency build (hard + soft costs)
- Soft cost build (permits, fees, consultants)
- Per-category ROI calculation
- Lender summary tab (loan basis output)
- Realized vs. projected reforecast tab
FAQ
Does it handle full development?
Out of scope. Ground-up development has substantially different budget mechanics (FF&E, lease-up reserves, stabilization capex) — on the roadmap as a separate template.
Asset-class differences?
Multifamily and industrial are the baseline. Retail and office adapt cleanly with TI/LC line items added. Hospitality requires FF&E specifics handled in dedicated trade-line additions.
Refund policy?
30 days, no questions, no forms. Email support@valoreregistry.com.
Pricing
Retail at release $27
Founders' price (first 14 days) $19
Single XLSX delivery. Free point-update releases for 12 months. Informational only — not construction, accounting, or investment advice. Engage qualified GC for line-item budget finalization.