{ "schema": "aiblocks-page/1", "id": "refinancing-payoff-revision-assistant", "type": "agent", "name": "Refinancing cash and payoff reviewer", "summary": "Match new financing cash with debt payoff and closing costs. Find fee double counts, source gaps and unfunded uses.", "headline": "Refinancing cash and payoff reviewer", "subhead": "Share actual issue proceeds, fees, payoff letters and closing commitments. It checks changes, links cash available with uses and reviews capitalized interest only when its terms are supported. You get a funding bridge and unresolved items. Face debt is not spendable cash, and an interest illustration does not replace a lender’s payoff letter.", "job": { "id": "money-and-investing", "name": "Research investments and business value" }, "level": "advanced", "thinking": "high", "tested": true, "updated": "2026-11-03", "first_published": "2026-10-22", "inputs": [ { "type": "document", "required": true, "label": "Document", "what": "a finished document, such as a Word file, a PDF or a page of notes" }, { "type": "spreadsheet", "required": false, "label": "Spreadsheet", "what": "a spreadsheet with its data, formulas and charts" }, { "type": "deal_terms", "required": false, "label": "Deal terms", "what": "the terms of one deal, such as a sale, an investment or a company purchase: price, payment terms, discounts, debt, fees and dates" }, { "type": "question", "required": true, "label": "Question", "what": "the problem, decision or piece of work you want help with, and what a good outcome looks like" } ], "outputs": [ { "type": "audit_report", "required": true, "label": "Audit report", "what": "findings with evidence, severity, missing inputs and next actions" }, { "type": "spreadsheet", "required": true, "label": "Spreadsheet", "what": "a spreadsheet with its data, formulas and charts" } ], "you_give": [ "The new loan's face amount, its issue price as a share of face, and the fees taken at issue (from the lender's funding statement)", "The old lender's payoff letter with principal, premium and any interest (from the old lender)", "Refinancing fees you pay separately, with invoices (from your advisers and lenders)", "What the deal must pay, meaning the purchase price, other payments and the cash needed at closing (from the sale agreement or funds flow)", "The cash sources, meaning buyer cash, rollover and sponsor commitments (from commitment letters)", "Cash and PIK coupon terms and the evidence the interest was added to principal (optional, only if the old principal grew)", "The last approved review's record and the changed source files with dates (optional, needed to show what changed)" ], "you_get": [ "The new loan's cash after issue discount and fees taken at issue, with the principal kept at face", "The old loan's payoff with its premium, and the refinancing fees counted once", "A sources and uses table with the signed funding gap, or surplus, at closing", "A PIK interest check, only when the old principal grew", "What changed since the last review, a record for the next one, MISSING lines and any checks that could not run" ], "use_when": [ "A lender sends a revised payoff letter for the old loan.", "The new loan's issue price or fees change before it funds.", "A fee invoice arrives, and you need to know if it was already taken from the proceeds.", "The closing date moves, and the payoff amount or interest changes with it." ], "skip_when": [ "You want a quote for a new loan, or want to compare lenders. This checks documents you already hold. It gives no market quote.", "You only want the cash a new loan pays out after discount and fees. Use the New loan cash proceeds checker.", "You want the seller's cash after closing. Use the Seller closing cash and escrow reviewer.", "You have no payoff letter from the old lender yet. The payoff stays MISSING and the closing gap cannot be called final." ], "output_sample": { "input": [ "The new loan's funding statement, with face, issue price and fees", "The old lender's payoff letter", "Refinancing fee invoices", "The deal's uses and cash sources, such as buyer cash, rollover and sponsor commitments", "The last approved review's record (optional)" ], "prerequisites": [ "An AI that can read files and build a spreadsheet", "The Check acquisition refinancing funds workflow and the Cash and PIK interest checker skill, added with the agent" ], "output": [ { "name": "Changed since last review", "contains": "Each figure or document that moved, with old and new value and source date." }, { "name": "outputs/step-1-debt-issue-proceeds-checker.md", "contains": "Face less issue discount and fees taken at issue, giving usable cash, with principal kept at face and tied to the funding statement." }, { "name": "outputs/step-2-refinancing-closing-cost-checker.md", "contains": "The payoff with its premium, the refinancing fees not yet taken, the total need and the surplus or gap against usable new cash." }, { "name": "outputs/step-3-deal-funding-gap-checker.md", "contains": "A sources and uses table with purchase, payoff, fees and closing cash against debt, buyer, rollover and sponsor cash." }, { "name": "PIK interest check", "contains": "Cash interest, capitalized interest and ending principal for one period. Only when the old principal grew, and it asks for a revised payoff letter." }, { "name": "Record and MISSING lines", "contains": "The record for the next review, every gap with the line it stops, and CHECKS MISSED." } ] }, "output_shape": "REVIEW DATE , , LAST REVIEW \nCHANGED SINCE LAST REVIEW \nNEW LOAN CASH face x issue price = ; discount ;\n fees taken at issue ; net cash ; principal at face\nPAYOFF old principal + premium (+ interest if in the letter)\n + refinancing fees not yet taken = need ;\n against net cash : surplus or gap \nSOURCES AND USES uses: purchase , payoff , fees , closing cash \n sources: net debt cash , buyer cash , rollover ,\n sponsor ; funding gap \nPIK CHECK opening ; cash interest ; PIK interest ; ending \n (only if the principal grew)\nRECORD FOR NEXT REVIEW debt IDs, funding status, face against cash, fee-netting flags,\n payoff cutoff, PIK evidence, closing gap\nMISSING \nCHECKS MISSED ", "how_to_use": [ "Add this agent to Claude, ChatGPT or Gemini, with the two pieces it uses. They are the Check acquisition refinancing funds workflow and the Cash and PIK interest checker skill. An AI that reads files works best. In plain chat it still works, but it cannot save files.", "Say if this is the first run. If not, paste last time's record. Then attach the funding statement, the payoff letter, the fee invoices and the deal's sources and uses.", "Check the first result before the rest. Principal should stay at face, and cash should be face less the issue discount and the fees taken at issue.", "Check that every fee appears once. A fee taken from proceeds should not appear again as a closing cost. Check that rollover is not both a source and a cut to the purchase price.", "If old principal grew by PIK, get the revised payoff letter and give it to the AI. Then run it again.", "Fix every MISSING line and run it again whenever the lender sends something new. Adding it sets up no schedule." ], "checks": [ "Financing and payoff fees are deducted once; face debt never substitutes for usable funding cash. Never overwrite an accepted baseline with an unapproved scenario; record which branch ran or was skipped.", "Trace each material input to its source, date, currency, scale, sign and reporting period. Retain unresolved MISSING: lines.", "Keep hardcoded inputs separate from live formulas. Inspect changed inputs, actual recalculation, exported formulas and saved-file reopening." ], "steps": [ { "position": 1, "id": "check-acquisition-refinancing-funds", "name": "Acquisition funding and debt payoff checker", "summary": "Check usable debt cash, refinancing costs and closing payments to show whether the deal has a funding gap.", "url": "https://useaiblocks.com/workflows/check-acquisition-refinancing-funds" }, { "position": 2, "id": "cash-and-pik-interest-checker", "name": "Cash and added interest calculator", "summary": "Share the loan balance and both interest rates. Get cash interest, interest added to debt and the ending balance.", "url": "https://useaiblocks.com/skills/cash-and-pik-interest-checker" } ], "next": [ { "name": "Loan refinancing cash gap checker", "url": "https://useaiblocks.com/skills/refinancing-closing-cost-checker", "why": "Check the money" }, { "name": "Staged funding draw checker", "url": "https://useaiblocks.com/skills/milestone-tranche-funding-checker", "why": "Check the money" }, { "name": "Project cash for debt checker", "url": "https://useaiblocks.com/skills/project-cash-available-bridge", "why": "Check the money" } ], "source": null, "credits": [ { "title": "Original finance methods and model fixtures", "by": "AI Blocks contributors", "url": "", "used": "Original instructions, calculations and illustrative examples. External method references are linked separately and retain their own rights." } ], "files": [ "LICENSE" ], "links": { "page": "https://useaiblocks.com/agents/refinancing-payoff-revision-assistant", "markdown": "https://useaiblocks.com/agents/refinancing-payoff-revision-assistant.md", "json": "https://useaiblocks.com/agents/refinancing-payoff-revision-assistant.json", "instructions": "https://useaiblocks.com/skills/refinancing-payoff-revision-assistant/SKILL.md", "download": "https://useaiblocks.com/skills/refinancing-payoff-revision-assistant.zip", "api_item": "https://useaiblocks.com/api/v1/items/refinancing-payoff-revision-assistant", "api_document": "https://useaiblocks.com/api/v1/documents/agent/refinancing-payoff-revision-assistant", "mcp": "https://useaiblocks.com/mcp" } }