I would do your homework first. 

RE is just math, just know your numbers.

It shows that you have done your homework, even if it doesn't fit their needs.If you get something on paper and want feedback, please share it here.

PURE MATH!

Let me take a stab at this math. 

so - some homework to do there.

Even though HML rates are steep, when you do the math they are almost always cheaper than a 50/50 split.

It's a simple math problem.

I guess thats 5 cents, not 4...Sounds like 25 cents a foot to me, but they told me there wouldn't be any math.

You mentioned it was 3% interest only however the math calculates to a payment of around $3950 a month if it is amortized at 3% and 30 years starting with a unpaid principal balance of $937,000.