Question
You are in the fourth year of working with a limited partner and the attached spreadsheet Download attached spreadsheetshows the current NOI on the deal.
You are in the fourth year of working with a limited partner and the attached spreadsheet Download attached spreadsheetshows the current NOI on the deal. Each statement below describes a potential recommendation you should make to the LP to achieve accretive returns. Using the spreadsheet as a reference, determine whether to make the recommendation or not.
Under the current terms of the investment, you face a 1% pre-payment penalty and other associated fees. The asset is located in a sellers market that is soon-to-turn. You should recommend that your partner hold the asset until the prepayment penalty is zero.
a) Dont make the recommendation
b) Make the recommendation
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