🏡 Most borrowers don’t get surprised by the rate.
They get surprised by reserves.

One day your numbers work.
Next day your cash-to-close jumps by tens of thousands.

Why?

Because lenders don’t just price risk through interest rates.
They price risk by locking liquidity.

Interest reserves.
Tax & insurance escrows.
CapEx reserves.

And suddenly your "simple DSCR" or "clean bridge loan" needs far more cash than expected.

This is where many deals stall.
Not because the deal is bad.
But because liquidity planning was incomplete.

If you’re underwriting deals, raising capital, or scaling a portfolio, you must understand how reserves actually work inside lender math.

📩 DM me if you want help stress-testing your deal structure. 

PhoenixFunded
[email protected]
786-431-2532
305-439-5911