An Irvine based real estate investor borrowed $21,600,000 from Union Bank secured by a 72,000 square foot suburban shopping center that she owned. The mortgage loan was a seven-year interest-only floating rate loan payable monthly with 30-day SOFR as the rate index. For the first two years, the loan had a teaser rate of 2%, after which the interest rate resets annually with 2% annual and 6% lifetime interest rate increase caps and a margin of 2.5%. On the first reset date, the 30-day SOFR was 3.5%. What was the monthly loan paymen for the third loan year? Because of the interest rate caps, the monthly payment would not change $99,000 $72,000 $108,000