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Using the info below, calculate the rent for the next 11 years for TomFoolery and Blue Mold Grocer and please show all work! Thanks. REAL
Using the info below, calculate the rent for the next 11 years for TomFoolery and Blue Mold Grocer and please show all work! Thanks. REAL ESTATE FINANCE As a loan officer at Last National Bank, you have been asked to make a recommendation as to the maximum loan that your bank should extend to the potential buyer of the Norad Shopping Center. The rent roll is given below. Market research indicates that the current market rental for leasing a comparable vacant unit is $22.00 per square foot per year. Your research also indicates that the market rent is expected to increase by 2.20 % annually. - Calculate the total gross rents for the next 11 years. A template has been provided to assist you. RENT ROLL SIZE(SF) LEASE TYPE TENANT TomFoolery Dance Studio TERM REMAINING CURRENT RATE 1,800 Step, 5 years $22.60 $.50/year Blue Mold Grocer 1,250 Graduated 10 years $18.65 10
Using the info below, calculate the rent for the next 11 years for TomFoolery and Blue Mold Grocer and please show all work! Thanks.
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