Bank of America is the lead bank on a credit facility provided to your Fund. The facility has ample availability and pricing set at 125bps over 3-month LIBOR with interest payable monthly. This bank facility stipulates certain covenants against your use of the facility, which are evaluated separately for each investment funded by this facility. The most important covenant to your department is debt-to-assets of 60% (the leverage of your position, not that of the company in which you have invested). Regardless of your expectations enumerated in #2 above, assume the Fund purchased $25m more of the multifamily REIT paper from Q1 paper (at the current market pricing you calculated) funded 50% with this facility and 50% with cash. What is your expected yield to maturity/IRR on this incremental investment (hint: think Time Value of Money calculation)?