Tiny house complex question

[JR Rivas]

Hey guys! Looking into building some lower income apartments. Maybe 10 units or so. My question is this... How would the bank determine the value of the complex once it has been fully rented for a year? Lets say for arguements sake the NOI is $38,400. And the GSI is $72,000. Lets say we build this and after a year want to refinance. We’re trying to plan and determine how much we’d be able to pull out. Let me know if you have any further questions or anything else we should consider. Thanks!