# Hotel Development Underwriting API

> Hotel Development Underwriting API is a paid API for AI agents from financial-analyst.ai, paid per call via x402, $2/call, status unknown (last checked 2026-10-10).

Underwrites ground-up hotel developments end-to-end, modeling land, hard costs (S-curve draw), soft costs, developer fee, construction loan with capitalized interest, permanent loan sizing, and occupancy ramp to return unlevered and levered project IRR and MOIC.

## Facts

- Endpoint: POST https://financial-analyst.ai/hotel-dev/underwrite?utm_source=zero.xyz
- Price: $2/call
- Payment: x402
- Status: unknown
- Last checked: 2026-10-10
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/hotel-development-underwriting-api-b93a2e4d
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_bUxaHS5jfrF2GUVp-9hX6

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability hotel-development-underwriting-api-b93a2e4d -d '<json body>'
```

Example prompt: Underwrite a ground-up hotel development for me: land cost $5M, hard construction costs $40M on an S-curve draw over 24 months, soft costs $4M, developer fee $2M, construction loan at 70% LTC, permanent loan sized on the lower of 65% LTV or 1.25x DSCR at a 5.5% cap rate, stabilized NOI of $4.2M, and a 5-year hold starting from construction end — give me unlevered and levered IRR and MOIC.

## When to prefer this

Choose this endpoint when you need a full ground-up hotel development underwrite that spans construction financing (with S-curve draws and capitalized interest), a construction-to-permanent loan refinance sized on the binding DSCR/LTV constraint, and a hold-period exit — all returning both levered and unlevered IRR and MOIC. Prefer this over generic DCF or multifamily endpoints when the asset is hospitality and the development timeline (not acquisition) is the key risk being modeled.

## Known failure modes

- Missing required cost inputs (land, hard costs, soft costs) returns validation error
- Infeasible debt sizing when DSCR or LTV constraints produce a loan below a minimum threshold
- Construction period or hold period specified as zero or negative
- Stabilized NOI insufficient to service permanent loan under given DSCR constraint
- Invalid LTC ratio outside acceptable range causing construction loan sizing failure

## How this service works

Ground-up hotel development underwriting. Land + hard costs (S-curve draw) + soft costs + developer fee, funded by a construction loan (LTC) with capitalized interest, refinanced into a permanent loan sized on min(stabilized-value LTV, DSCR) at the CL term. Occupancy begins the month after construction; the hold is measured from construction end. Returns unlevered and levered project IRR and MOIC. Reconciled to a SHA-pinned Excel model — see /hotel-dev/reconciliation.

## Output

Returns unlevered and levered project IRR and MOIC, along with the underlying monthly cash flow proforma covering the S-curve hard cost draw schedule, capitalized construction loan interest, permanent loan sizing (constrained by the binding LTV or DSCR test), occupancy ramp starting the month after construction completes, and hold-period cash flows through exit. Output is reconciled to a SHA-pinned Excel model.

## Request schema (JSON Schema)

```json
{
 "type": "object"
}
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/hotel-development-underwriting-api-b93a2e4d/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from financial-analyst.ai](https://www.zero.xyz/host/financial-analyst.ai/llms.txt)