Business, 08.10.2020 03:01 LikeIke2859

You have get a 5 year loan equal to 65% LTC with a fixed interest of 4%, interest only for the first two years and 25 year amortization for years 3-5. The loan is interest only from May 1, 2017 - April 30, 2019, construction is completed September 30, 2018 and construction budget has earmarked payments for construction interest until October 31, 2018. The cost of the project is $1000. What is the debt service for 2018 in the waterfall (below the income statement) portion of the spreadsheet (do not type in $ sign in the answer)

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You have get a 5 year loan equal to 65% LTC with a fixed interest of 4%, interest only for the first...