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Commercial Loan Underwriting ( Value of project 1 0 , 0 0 0 , 0 0 0 ; Partially Amortizing Loan Amount = 7 ,

Commercial Loan Underwriting $($ Value of project $10, 000, 000$ ; Partially Amortizing Loan Amount $= 7, 000, 000$ ; Interest Rate $= 4.5 %$ ; Amortization Period $25$ years; Term $5$ years; Points $= 2$ ;NOI $= 520, 000)$ What is the initial equity required?

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Commercial Loan Underwriting ( Value of project 1 0 , 0 0 0 , 0 0 0 ; Partially Amortizing Loan Amount = 7 ,

Commercial Loan Underwriting (Value of project 10,000,000; Partially Amortizing Loan Amount =7,000,000; Interest Rate =4.5%; Amortization Period 25 years; Term 5 years; Points =2;NOI=520,000) What is the initial equity required?

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Commercial Loan Underwriting $($ Value of project $10, 000, 000$ ; Partially Amortizing Loan Amount $= 7, 000, 000$ ; Interest Rate $= 4.5 %$ ; Amortization Period $25$ years; Term $5$ years; Points $= 2$ ;NOI $= 520, 000)$ What is the initial equity required?