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A PROPERTY IS ANALYZED FOR A CONSTRUCTION LOAN. THE TOTAL COST IS $12 MILLION; THE 2 YEAR LOAN IS $8 MILLION AND ACCRUED INTEREST IS
A PROPERTY IS ANALYZED FOR A CONSTRUCTION LOAN. THE TOTAL COST IS $12 MILLION; THE 2 YEAR LOAN IS $8 MILLION AND ACCRUED INTEREST IS $450,000 AFTER 2 YEARS. the loan term extended 9 months during lease-up and accrues at 8%/yr; what is the loan balance at the end of 33 months?
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To calculate the loan balance at the end of 33 months we need to break down the loan terms and ...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
