Question: Calculate in excel Question 13 [Note: The information presented here applies to questions 13 - 15] You are purchasing an office building in Brooklyn for

Calculate in excel

Question 13

[Note: The information presented here applies to questions 13 - 15]You are purchasing an office building in Brooklyn for $12M and finance the acquisition with a $7.2M senior mortgage with a 5.5% interest rate. The loan has a 10-year term and 25-year amortization period. Assuming payments are made on an annual basis, what is the scheduled payment for this mortgage?

Flag question: Question 14

Question 14

What is the balance due at maturity?

Flag question: Question 15

Question 15

If you pay an origination fee of $80,000 at closing, what is the effective cost of borrowing associated with this loan assuming you hold the loan to maturity?

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