Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on . Most recent reply

Analyzing MF asset with assumable loan
I have been using Michael Blank's SDA, and am wondering if anyone has experience with underwriting an assumable loan on his model? The assumable loan in question has a far lower interest rate than the additional debt needed on top of the remainder of the assumable loan. Would I just treat it like one big loan and use an average of the different rates? Would I create two different SDA's each reflecting the different rates, then add the information together? I assume there is something I am not understanding/seeing on the model. I know there is an option for a 'second mortgage' on his model but doesn't seem to be working for the numbers I'm looking at.
Thanks in advance.