Question
You purchased a property for $8.5 million with 25% equity and a fixed rate, interest only loan for the balance at a rate of 5.25%
You purchased a property for $8.5 million with 25% equity and a fixed rate, interest only loan for the balance at a rate of 5.25% and a term of 30 years. If the property generated an NOI of $425,000 in Year 1 what would be your Equity Dividend Rate for Year 1?"
| a. 20.0% | ||
| b. 4.25% | ||
| c. 5.25% | ||
| d. 7.3% |
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
