Dissecting 30/360, Actual/360 and Other Interest Calculation Methods An email arrives.  It’s a Form 1098 mortgage interest statement that you just received from your lender.   How is it possible that the total interest does not match your records?  Chances are that the lender is calculating interest differently [...]

Demystifying Yield Maintenance, Defeasance and Other Prepayment Penalties Understanding commercial real estate prepayment penalties can be confusing if you are not dealing with them on a regular basis. Adding to the confusion, lenders refer to prepayment penalties in various ways – some call them “prepayment fees”, “unwinding [...]

BY MATT FISHER, MIKE GURTOVOY, AND MAX CANCILLA as published in the 425Business.com Magazine It's a tough world out there for developers. The days of banks financing 75% of your total construction cost are now firmly in the rearview mirror, and developers are getting clobbered by the [...]