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Financing (Loans) sets the default financing structure the Deal Calculator starts from. You build named financing scenarios, each containing one or more loans with their own type, LTV, rate, and terms, and choose which scenario is the default. Rental and Flip each have their own financing defaults, so a buy-and-hold DSCR setup and a hard-money flip setup can coexist.
Key things to know
  • Financing is configured per mode with the Rental / Flip mode switcher (teal for Rental, green for Flip).
  • Cash is a System scenario every organization has. Make it the default to open the Deal Calculator with no financing.
  • Scenarios are defaults. Inside the calculator, users can pick any scenario or build a custom setup per property.
  • Reset asks for confirmation and changes only the selected mode. It restores Cash as the default while keeping the platform System scenarios available. Click Save Financing Defaults to apply the reset.
  • Target price intentionally excludes financing, so loan defaults change cash flow and returns but not the target price itself.
  • Building and editing scenarios is desktop-only. On a phone this settings page shows a notice instead of the editor. Default loans (Cash, BRRRR, and more) are already in the system and stay usable in any deal from any device.

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Where to find it

Open Settings from the sidebar, then choose Financing (Loans) under Basic Setup. Use the Rental / Flip mode switcher at the top, then click Save Financing Defaults when done.

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Market rate spread

The percents added on top of published market rates are edited in Advanced Settings > Organization > Market Rate Spread, not on this page. When market rates are enabled, Financing (Loans) shows Open Market Rate Spread under the heading. That link opens the editor in a new tab so an unsaved scenario stays put. Loan scenarios here still use those defaults. A loan set to Market + spread starts from the org spread unless that loan has its own. Adjust next to the spread opens the same Advanced Settings page.

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Financing Scenarios

A scenario is a named funding structure, for example “Conventional Purchase” or “BRRRR”. Each scenario holds one or more loans. The scenario marked DEFAULT is what the Deal Calculator loads when opening a property with no saved financing. When the list is long, scroll inside the scenario panel to view the remaining scenarios without moving the page controls. For each scenario you can:
  • Click New scenario to create one. It opens immediately with Loan 1 expanded and the cursor in Scenario Name, and it stays pinned above the scenario list (marked New) while you fill it in. Name it, set Loan 1, then click Save scenario. Cancel sits beside it. Both buttons are at the top of the card and again under the loans. Saving stores the scenario and returns it to the list. Cancel asks you to confirm, then removes the scenario. Collapse the card, or open another scenario, to put it back in the list and store it later with Save Financing Defaults.
  • Duplicating a scenario works the same way - the copy opens pinned with its first loan expanded. Save scenario stores the copy, and Cancel removes it.
  • Select the radio button to make it the default.
  • Duplicate scenario to create an editable copy within the same mode.
  • Use the to Flip / to Rental button to copy it into the other mode.
  • Remove scenario to delete a custom scenario.

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System scenarios

System scenarios are maintained by ProPilot and marked System. They cannot be edited, renamed, or removed. Click a loan-based System scenario to expand its read-only loan terms, closing costs, timing, and rehab details. Those are the exact starting costs: if no closing costs are listed, the scenario starts without loan closing costs. Duplicate it when you want to create a customizable copy. When market rates are enabled, System scenario loans follow the market rather than a rate we picked: their Rate reads 7.672% · Market +0.625%, meaning today’s published index plus your spread from the card above. Change your spread and these rates change with it. Hard money loans keep a fixed rate because no public index exists for them, so BRRRR’s purchase loan and the Flip Hard Money scenario still show a plain percent. Deals you already saved keep the rate they were saved with.
  • Rental includes Cash, BRRRR, Classic Loan, and Refinance.
  • Flip includes Cash and Hard Money.
  • Cash is always listed first and represents paying the full purchase price with no loans.
New organizations start with Cash as the default for both Rental and Flip. Existing organizations keep the default they already selected.

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Loan settings inside a scenario

Click a loan’s header row (it says Edit on the right) to open its fields. A scenario holds up to two loans; Add a second loan is optional and meant for two-step deals such as a refinance months after purchase (BRRRR). Each loan in a scenario has these fields: As a reference, choosing a Type loads starting terms like these (all editable):

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What this affects

  • Deal Calculator - opening a property with no saved financing loads the default scenario for the current mode. Users can switch scenarios or build a custom loan stack per property. See Deal Calculator.
  • Cash flow and returns - loan terms drive debt service, cash needed at close, and cash-on-cash return on every financed analysis shown in Property Details.
  • Target price - unaffected. The target price solver excludes financing by design, so two teams with different loan defaults still agree on the same target price.

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What changes when you update it

  • New analyses start from the updated default scenario and loan terms.
  • Properties with saved financing keep their per-deal setup; nothing is recalculated retroactively.
  • Custom scenarios you rename, duplicate, or delete change only what is offered going forward.

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Limitations

  • Financing defaults are organization-wide per mode; there are no per-teammate defaults.
  • Purchase loans in a scenario share a combined 100% LTV cap; refinance loans are outside that cap because they replace earlier loans.
  • The first loan in a scenario is always with purchase; only later loans can be timed after purchase.
  • A scenario labeled LEGACY was auto-generated from older settings and cannot be edited; create a new scenario to customize.
  • Only admins and owners can save changes.

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Common questions

Cash is the default scenario for that mode. Select the radio button on a loan scenario instead to open financed analyses by default.
No. Cash and the other System scenarios are always available. If you do not want Cash as the starting point, make another scenario the default.
Duplicate it to create a custom copy, then edit the copy. The original System scenario remains available to everyone in the organization.
Yes. A scenario can hold multiple loans, for example a purchase loan plus a later refinance that covers it, and users can add or edit loans per property in the calculator.
No. The target price solver intentionally excludes financing, so loan defaults change cash flow and return metrics but never the target price.
Create a scenario with a purchase loan (for example Hard Money with Include rehab in loan), then add a second loan set to Refinance, timed After purchase, with Covers another loan pointing at the first loan. The System BRRRR scenario is exactly that: a 6-month interest-only hard money bridge (12%, 80% LTV, rehab included) paid off at month 6 by a 30-year DSCR refinance at 70% LTV on Market + spread.
No. Saved analyses keep their per-deal financing. Only new analyses load the updated default scenario.
Purchase loans in the same scenario share a 100% combined LTV cap. The field shows the maximum left after the other purchase loans; lower another loan’s LTV to free up room.