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complete cash flow statement using that template For the following project: 2-year investment - The first NOI is 10 at t=1, and NOI changes by

complete cash flow statement using that template
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For the following project: 2-year investment - The first NOI is 10 at t=1, and NOI changes by +2%/yr forever. The (going-in) cap rate is 9% at t=0 and decreases by 50 bps/yr to 8% (going-out) 94 at t=2. Capital Expenditures are 15% of NOI. The investment is levered with a two-year interest-only loan at a 5% interest rate with the initial LTV of 0.5. T=3 3 years later T=0 Today Cash flow at the beginning of the project T=1 1 year later Cash flows for the first period (between t=0 and t=1) T-2 2 years later Cash flows for the second period (between t-1 and t-2) and the last CF (Cap Rate) NOI Acquisition CF at t=0(0) Capital expenditures (0) Property BT CF Loan at t=0(>0) DS Incl. the final pmt. (

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