10.You are building a 10-lot subdivision with a total cost of $5,000,000. You have obtained a $4,000,000 construction loan. The lender requires an accelerated repayment of the loan at 125% of the per lot loan amount. Assume all lots will sell for $600,000, lot sales dont start until all development is complete, the loan is fully funded, and the loan amount includes all accrued interest. 1.Prepare a Repayment schedule. 2.What lot sale will pay off the loan?

of sales revenue? What is a release price? 8. How does the rinayment of a building construction loan differ from the repayment of a lot developmen san? 9. What are 3 thin that impact interest carry on a construction loan? Problems: 10. You are building a 10-lot subdivision with a total cost of $5,000,000. You have obtained a $4,000,000 construction loan. The lender requires an accelerated repayment of the loan at 125% of the per lot loan amount. Assume all lots will sell for $600,000, lot sales don't start until all development is complete, the loan is fully funded, and the loan amount includes all accrued interest. 1. Prepare a Repayment schedule. 2. What lot sale will pay off the loan