This arrow when hollow indicates that an interest schedule exists. By clicking on it (filling the arrow in)an appropriate payment schedule is generated insuring the loan is payed off. If the interest schedule is modified the arrow should be clicked again.
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Click on this item if the loan is interest only. The money will be injected into the project cash flow. Interest will be charged each month and the principal will be charged as a balloon payment at the end of the loan's term.
Click on this item if the loan is actually a grant of money. A grant will simply be a sum of money injected into the project. No interest, or payments will be expected in return, although there may be some points and fees associated with it.
Use this button to make a schedule of payments for this loan. When the table is closed, the first payment in the table will be put in the field to the left. Further help is available from the opened schedule. ‚åò-SHIFT-RETURN will also open it.
Use this button to make a schedule of interest rates for this loan. When the table is closed, the first rate in the table will be put in the field to the left. Further help is available from the opened Schedule. ‚åò-SHIFT-RETURN will also open it.
If the loan requires points, requires fees, starts after the occupancy date, is interest only, is a grant, has a term shorter than the ammortization, or has varying interest or payments, click on this button. Remove Options will delete this information.
This is the calculated payment for this loan, assuming a fixed rate loan. If a payment schedule is specified, the schedule will override this amount.
Enter the fees that are being charged for this loan. This amount will be added into the Actual Finance Costs in the Finance Window.
Enter the points that are being charged for this loan. The resulting amount will be added in to the Actual Finance Costs in the Finance Window.
Enter the required monthly payment for the loan here. If the loan has varying payments use the Payment Scheduler on the right.
Enter the annual interest rate of this loan. If the loan has varying interest, use the Interest Scheduler to the right.
Enter the term of the loan in months.
Enter the date the money from the loan is received and usable for the project. Unless specified, it is always assumed to be date of occupancy.
Enter the ammortization period for which the interest calculation will be based.
Enter the annual interest rate for this loan.
Enter the amount of the loan.
Enter a short descriptive name for the loan as it should appear in the report and finance window.
