Question
A loan commitment of $4.35 million has an up-front fee of 70 basis points and a back-end fee of 35 basis points. The take down
| A loan commitment of $4.35 million has an up-front fee of 70 basis points and a back-end fee of 35 basis points. The take down on the loan is 60 percent. |
| Calculate the total fees you will pay on this loan commitment. (Round your answer to 2 decimal places.) |
| Total fees | $ |
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
