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Question

A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $300 million has a contract rate of 5%.

Closing costs worth $. 75000 and 2 discount points are applied. Periodic payment on the loan? What is the total friction cost at origination? What is the APR?   

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Periodic payment is $5,272,283.63 The... View the full answer

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