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Updated almost 5 years ago,
CMBS Loan Assumption
I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.
Example parameters below:
Original Loan Balance: $7.5M
Current Balance: $7.0M
Acquisition price: $9M
Remaining loan term: 80 months
Also any website/articles outlining the loan assumption process would be appreciated.