Question
If the construction loan is 75% of total costs, and total costs are $100,000,000, and construction interest rate is 6.00%, and the construction period is
If the construction loan is 75% of total costs, and total costs are $100,000,000, and construction interest rate is 6.00%, and the construction period is 18 months, and the average outstanding loan balance on the construction loan is 55%
How much is construction interest?
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Derivatives Markets
Authors: Robert L. McDonald
2nd Edition
032128030X, 978-0321280305
