Question
19)Construction Finance. (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs; Equity Return 18%.
19)Construction Finance. (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs; Equity Return 18%. Construction Loan Amount 7,000,000). What is the total project cost, not including return to equity?
23) FRM. (Term=30 years, Note Rate = 4.00%, Loan Amount = 800,000, Points=2) How much of the 22th payment goes to interest?
25) The only number that changes when computing a Yield to Lender versus EBC is:
33. An Option ARM's typical features include _____________.
37) A single-family home loan that exceeds ______________ is called a jumbo loan.
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