Problem: The Bluth Co., owner of the Balboa Towers Phase II, has secured a $50.0M, 10Y, 65% LTV mortgage that carries a 3.75% coupon. The debt is interest only for the first 5 years of the term. The in-place NCF for Balboa Towers Phase II is $4.750M. Note: Convert annual to monthly for amortization calculations
1. What is the Debt Yield?
2. What is the Interest-Only DSCR (Actual/360)?
3. What is the Amortizing DSCR?
4. What is the loan balance at maturity?