24. Which of the following is not a type of prepayment penalty?

Select one:

A. Recourse loan

B. Defeasance penalty

C. Yield maintenance penalty

D. Percentage of mortgage balance

23. Green Realty Inc. has obtained a loan to purchase an apartment building. The loan amount is $2,500,000. The annual interest rate is 5%. The amortization period is 30 years. The loan term is 5 years. What is the monthly payment for this loan?

Select one:

A. $50,259.34

B. $16,971.25

C. $13,420.54

D. $47,178.08

22. Which of the following is true about Sale and Leaseback?

Select one:

A. The income could be inflation hedged from investors perspective.

B. The lender has the option to buy a full or partial share in the property at the end of a specified period.

C. Lease payment is not deductible for income taxes for the user.

D. Lender offers lower interest rate in return for participation in the cash flow from the property.