Bob purchased a property for $6,500,000 at a 5.50% cap rate. At the time of purchase, there were 15 years remaining on the lease with 7.50% rent increases every 5 years. Bob purchased the above property at 65% LTV, 25-year amortization schedule, 10-year term, and at a 4.50% interest rate.

What is Bobs NOI upside between year 1 and year 10?

Two decimal points, round up, include % sign.

Question

Bob purchased a property for $6,500,000 at a 5.50% cap rate. At the time of purchase, there were 15 years remaining on the lease with 7.50% rent increases every 5 years. Bob purchased the above property at 65% LTV, 25-year amortization schedule, 10-year term, and at a 4.50% interest rate.

What is Bobs NOI upside between year 1 and year 10?

Two decimal points, round up, include % sign.

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Question

Bob purchased a property for $6,500,000 at a 5.50% cap rate. At the time of purchase, there were 15 years remaining on the lease with

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