Hello, I need help with this assignment and show calculations please. Thank you in advance!

AutoSave OFF 3 Assignment 3 new Home Insert Draw Page Layout Formulas Data Review View ? Tell me Share Comments Calibri (Body) v 12 AA ab Wrap Text General LY AY- O. Paste Sort & Analyze BIUV DVAv E E Merge & Center v $ ~ % " Conditional Format Cell Insert Delete Format Find & Formatting as Table Styles Filter Select Data 124 X V fx A B E F G H K M N O P Q R 9 10 You are a Real Estate developer building a small office tower in Montreal. The construction will take one year and the units have all been pre-leased. 1 The stabilized NOI at opening will be $750,000 and comparable cap rates are 6%. 2 The construction lender is willing to finance the project based on the terms and conditions shown below. 13 a) Based on the budget, calculate the oustanding construction loan at the end of the year. 14 b) How much equity will you be able to withdraw at the end of the construction period if you take-out a mortgage with the terms and consitions shown below? 15 16 Please make your calculations to the "right of the data and rent roll" on this worksheet. 17 Upload your file onto Moodle by the deadline indicated on the course outline. 18 19 Grade (out of 10): 20 21 22 Development Budget: 23 24 Land 2,000,000 25 Site preparation 250,000 26 Hard costs 8,000,000 27 Professional fees 300,000 28 Permits 77,000 29 Project management 150,000 30 Lesing commissions 16,000 31 Other soft costs 195,000 32 10,988,000 33 Interest 109,000 34 TOTAL 11,097,000 35 36 37 Cash flow: 38 39 The land is purchased and site preparation occur in the 40 first month. The soft cost (excluding interest) are evenly 41 distributed over the 12 month period. The hard costs Sheet1 + Talking: Ready + 107%AutoSave OFF 3 Assignment 3 new Home Insert Draw Page Layout Formulas Data Review View ? Tell me Share Comments Calibri (Body) v 12 AA = ap Wrap Text v General Ex AP- O. Paste BIUV E EE Merge & Center v $ ~ % " Conditional Format Cell Insert Delete Format Sort & Find & Analyze Formatting as Table Styles Filter Select Data 124 4 fx A B C D E F G H K L M 22 Development Budget: 23 24 Land 2,000,000 25 Site preparation 250,000 26 Hard costs 8,000,000 27 Professional fees 300,000 28 Permits 77,000 29 Project management 150,000 30 Lesing commissions 16,000 31 Other soft costs 195,000 32 10,988,000 33 Interest 109,000 34 TOTAL 11,097,000 35 36 37 Cash flow: 38 39 The land is purchased and site preparation occur in the 40 first month. The soft cost (excluding interest) are evenly 41 distributed over the 12 month period. The hard costs are 42 evenly dirtibuted over month 3 to month 12. All cash 43 flows occur at the end of the month. 44 45 46 47 48 Sheet1 + Talking: MICHAEL J MASTERS Ready + 150%AutoSave OFF 3 Assignment 3 new Home Insert Draw Page Layout Formulas Data Review View ? Tell me Share Comments Calibri (Body) v 12 AA = ap Wrap Text v General Ex AP- O. Paste BIUV DVAv E Merge & Center v $ ~ % " Conditional Format Cell Insert Delete Format Sort & Find & Analyze Formatting as Table Styles Filter Select Data 124 fx A B C D E F G H J K L M 40 49 Construction loan: 50 51 LTC 65.0% 52 Interest rate 5.0% 53 54 55 Stabilized NOI at opening 750,000 56 Comparable cap rates 6.0% 57 58 59 Mortgage loan: 60 61 Term (years) 5 62 Amortization period (years) 20 63 Mortgage rate 4.0% 64 Maximum LTV 75.0% 65 Minimum DSCR 1.25 66 67 68 69 70 71 72 73 74 Sheet1 + Talking: MICHAEL J MASTERS Ready + 150%