Question
After graduating, you join the CRE originations business of a large commercial bank. In your first deal, your bank originates a $35mln fixed rate commercial
After graduating, you join the CRE originations business of a large commercial bank. In your first deal, your bank originates a $35mln fixed rate commercial mortgage with a 4.75% annual interest rate, 10 year term, 30 year amortization period, and monthly payments. What is the size of the balloon payment due on this mortgage at maturity?
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Mergers Acquisition And Other Restructuring Activities
Authors: Donald M. Depamphilis
6th Edition
123854857, 978-0123854858
