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Assume you own the following project and you wish to refinance the property. Property value: $6,100,000 12-Unit apartment building: Average rent = $2,000.26 per month
Assume you own the following project and you wish to refinance the property.
Property value: $6,100,000
12-Unit apartment building: Average rent = $2,000.26 per month
Annual operating expenses: $126,000 Maximum
LTV: 50%
Interest rate: 4.0%
Amortization schedule: 25 years
Loan term: 10 years
Calculate please
1) The assumed cap rate for the valuation above...
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