Partnership Math on a Flip. Help!

[Jay Sandefur Jr]

• First off, forgive me because I know there are similar threads but I'm hoping I can get some very specific help.

I'm in Google Sheets/Excel working out what was proposed to me and now we got three people with separate numbers.

Scenario:

• General contractor brings me a deal:
• He will cover rehab costs in exchange for 50% split of profits and by providing me a hard money lender using his reputation, as I have not been able to qualify for one.
• Purchase Price: $410K
• Rehab Estimate: $30K
• Hard Money 10% Interest Only + 2 points @ 85% of total project cost. (Points financed w/total project cost): $8,800 for pts.
• Total Project Cost: $448.8K
• ARV: $545K conservative
• Estimated rehab time 4 months
• Estimated 3 equally spaced draws on the rehab cost
• If anyone can help me reconcile these numbers including the payout to each "partner" it would be greatly appreciated.
• Thank you BP!