The lender offers the following terms on the commercial loan of $1,500,000: the loan amortization period is
Fantastic news! We've Found the answer you've been seeking!
Question:
The lender offers the following terms on the commercial loan of $1,500,000: the loan amortization period is 30 years, the interest rate is 7.5%, the payments are to be made monthly and the loan matures in 5 years. Prepare an annual debt service table, with beginning balance principal, interest, ending balance, and total debt service rows for 5 years. Which line item is tax deductible? If the loan origination fees are 1.5% and due upon closing, what is the dollar value of the fees? Does the loan origination fee alter the annual debt service table (if so, prepare a new one)?
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Posted Date: