Show:
Potent Potables of Equity and Tax Analysis
Potpourri of Accounting and Legal Issues
Americana of Commercial Mortgage Finance
Final Jeopardy
Trick or Treat
500
An investor paid $6.5 million for a property 5 years ago. The property has depreciated by $1,200,000. A mortgage loan against the property has a current balance of $4,650,00. The property has a current appraised value of $7,475,000.
What is $2,175,000 representing the difference between the book value and market value of the investor's equity?
500
A limited liability company is an investor in commercial real estate. The company had a net income from continuing operations of $8,500,000 at the end of the year. The company incurred a new material expense during the year. According to generally accepted accounting principles, the material expense should be presented separtately as.
What is usual in nature, but infrequent in occurrence.
500
An investor is buying a warehouse for $1,000,000. A lender has offerred a loan of $800,000 with the investor investing $200,000 of equity. The property has a 10 year flat lease to a credit tenant and yields a net operating income of $100,000 per yer before debt service. Assuming an 8% rate compounded monthly and a 25 year amortization, the return on equity is calculated as.
What is 12.95%
500
a Chief Loan Officer is reviewing an appraisal for a proposed collateral property. Market value was based on direct capitalization where the capitalization rate was estimated using a weighted average, band of investment method. Interest rates on loans have recently declined compared to the time when the appraisal was done. All other factors remain constant. If the appraiser revised the calculations to reflect the interest rate change, then what, if any, change should be expected in the market value of the property.
What is increased?
500
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What is a Treat from Jones Bros. Cupcakes!!! for everyone who attended!