← Valtrics Real Estate · Decisions · Engine 02 · Bid Ceiling
The ceiling is the highest price where stabilised NOI still clears the Target Yield-on-Cost. Total cost adds acquisition costs (closing, acquisition fee, loan points). If the asset is reassessed on sale, property tax rises with the price - modelled below.
| Project name | |
| Stabilised NOI | annual $ |
| Asking price | $ |
| Target yield-on-cost | % |
| Proposed loan (for points cost) | $ |
| Closing costs | % of price |
| Acquisition fee | % of price |
| Loan points | % of loan |
| Reassessed on sale? (Prop-13 style) | |
| Property tax rate (if reassessed) | % of price |
| Stabilised NOI (net of tax reset, if any) | — |
| Cost multiplier on price (1 + closing% + acq fee%) | — |
| Fixed loan-point cost (loan × points%) | — |
| Bid ceiling (price where NOI ÷ total cost = target YoC) | — |
| Implied yield-on-cost at asking | — |
| Asking price | — |
| Bid ceiling | — |
| Re-trade needed (ask − ceiling) | — |
| Re-trade as % of ask | — |
The Bid Ceiling is the pre-offer pricing gate. Once you have a target price, size the loan against it in the Debt Sizing & Refinancing engine → or see the full picture on the Deal Dashboard →
Standard institutional pricing conventions. Figures are decision support, not an offer. Confirm targets and costs with your investment committee.