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Use the following information to calculate the unlevered cash outflow at time 0 : Purchase Price: $19,500,000 Closing Costs (Unrelated to lender): $600,000 Loan Proceeds:

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Use the following information to calculate the unlevered cash outflow at time 0 : Purchase Price: $19,500,000 Closing Costs (Unrelated to lender): $600,000 Loan Proceeds: $16,000,000 Loan Origination Fees: 0.50% of the loan amount Additional equity required for initial reserve funding: $125,000 Express as the absolute value of the cash outflow - Do not express as a negative number

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