Bank of the Ozarks is going to charge you a 2 point origination fee on the $9,000,000 loan described in Problem #1. What is Bank of the Ozarks yield on this loan if you pay it off over its full term (rounded to 2 decimal places)?

A) 5.38%

B) 6.24%

C) 6.46%

D) 6.94%

Q1 information You decide to buy a 60 unit apartment complex in Austin for $15,000,000. You have $6,000,000 to use as a down payment and have applied for a $9,000,000 mortgage loan from Bank of the Ozarks. The loan will have a 25 year term, be fully amortizing, and have fixed interest rate of 6.25% per annum. monthly payment = $59,370.24