Question: You have a building currently valued at $15,000,000 for which you seek a $10,000,000 mortgage (25-year term with 7 year balloon). You are offered a

 You have a building currently valued at $15,000,000 for which you

You have a building currently valued at $15,000,000 for which you seek a $10,000,000 mortgage (25-year term with 7 year balloon). You are offered a SAM at 6%, where you must on the loan. What is the yield to the lender? also pay the lender 45% of the appreciation after 7 years. For a 9% annual inflation rate for You have a building currently valued at $15,000,000 for which you seek a $10,000,000 mortgage (25-year term with 7 year balloon). You are offered a SAM at 6%, where you must on the loan. What is the yield to the lender? also pay the lender 45% of the appreciation after 7 years. For a 9% annual inflation rate for

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