Question: A developer is working with the bank to get a construction loan for 1 0 0 % of its $ 2 0 , 0 0

A developer is working with the bank to get a construction loan for 100% of its $20,000,000 apartment project. The developer is supplying an estimated draw schedule. The bank is proposing the following terms for the loan. Please compute and complete the following draw schedule/Amortization table. You should assume that amortized payments begin in the 37th month. Instead of providing extension options, the bank is providing a full 5-year construction loan that begins as an interest only loan and converts to a fully amortizing loan at the beginning of the fourth year. Complete the draw schedule
 A developer is working with the bank to get a construction

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