Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE

CAN YOU PLEASE EXPLAIN AND SHOW HOW TO SOLVE USING THE FINANCIAL CALCULATOR.I HAVE INCLUDED THE ANSWER, I JUST NEED HELP WITH HOW TO SOLVE USING THE FINANCIAL CALCULATOR:

19. Construction Finance. (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs; Equity Return 18%. Construction Loan Amount 7,000,000). What is the total project cost, not including return to equity?

22. Mike purchased his home five years ago for $250,000. Its current market value is $275,000 and has a mortgage balance of $195,000. He wants to put in a pool and pay for it with a HELOC. If the lender requires a maximum LTV of 80%, what is the most Mike will receive from the proceeds of the HELOC?

$25,000

23. FRM. (Term=30 years, Note Rate = 4.00%, Loan Amount = 800,000, Points=2) How much of the 22th payment goes to interest?

29. Construction Finance. (Building size: 70,000 square feet. Land Costs 2,000,000; Hard Costs 7,000,000; Soft Costs 1,000,000; Developer Fee 6% of hard costs; Equity Return 18%. Construction Loan Amount 7,000,000). What is the LTC for this project's construction loan?

70%

30. Commercial Loan Underwriting (Value of project 10,000,000; Bullet Loan Amount = 7,000,000; Interest Rate = 5%; Term 72 months; Points 2; NOI = 400,000) What is the DCR?

1.14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investment Analysis And Portfolio Management

Authors: Frank K. Reilly, Keith C. Brown

6th Edition

003025809X, 978-3540014386

More Books

Students also viewed these Finance questions

Question

Explain the basic accounting used by endowment funds. LO9

Answered: 1 week ago