You determine cap rates are $5\mathrm{.}00\%$ for similar projects.

$5.$ What is the estimated value of the project upon completion and stabilization?

$6.$ What is your loan amount at $80\%$ Loan to Value $($LTV$)?$

$7.$ Assuming permanent loan financing of $4\mathrm{.}00\%,30$ year amortization and a minimum $1\mathrm{.}20$x DSCR$,$ what is your

maximum loan amount?

Your costs per buildable SF are Hard Costs of $$70$psf$,$ Soft Costs of $$20$psf$,$ and Interest of $$15$psf$.$ Build your construction

budget and determine the following:

$8.$ What is the maximum price you should pay for the Land $($the residual value$),$ assuming you want a $20\%$ return and

have to pay $3\%$ in selling expenses?

$9.$ If you manage to buy the land for $$7,000,000,$ what would your loan amount be if you were limited to $70\%$ Loan to Cost

$($LTC$)?$