Purchase price $$999,999\mathrm{.}00$

Total investment $$1,481,049\mathrm{.}00$

Brooklyn Savings $($Recourse$)$ Apple Savings $($Non$-$ Recourse$)$ Seller Financing Brooklyn $+$ Seller Financing Apple $+$ Seller Financing

LTC ratio $68\%41\%14\%81\%54\%$

Loan $($rounded$)$ $$1,000,000$ $$600,000$ $$200,000$ $$1,200,000$ $$800,000$

Interest rate $4\mathrm{.}50\%5\mathrm{.}50\%5\mathrm{.}00\%4\mathrm{.}58\%5\mathrm{.}38\%$

Loan Constant $4\mathrm{.}50\%5\mathrm{.}50\%6\mathrm{.}44\%`5\mathrm{.}74\%$

Bank costs:

Legal fees

Bank's legal

Title insurance $0$

Origination fee $(1\%)$

Total bank costs

Carrying Costs During Renovations:

Real estate taxes

Insurance

Fuel $-$ Gas

Water and sewer

Common electric

Interest expense

Total carrying costs

Total Capital Required

Loan Amount

Equity Required