Question
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
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