Business

Kaydence Wang

4 August, 03:29

After graduating from NYU Stern, you join the CRE originations business at a large commercial bank. In your first deal, your bank originates a $35m fixed rate commercial mortgage with a 4.75% annual interest rate, 10 year term, 30 year amortization period, and monthly payments. What is the size of the balloon payment due on this mortgage?

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