Deal of the Week: Charlotte Get ready! The player with the highest score in the fastest time wins $100! Competition ends May 29th at 5pm ET. Question Title * 1. Name: Question Title * 2. What is your Project Destined City? New York Los Angeles Detroit Atlanta Baltimore London Other (please specify what PD Squad you are!): Question Title * 3. Which of the following is a source of other income for a multifamily property? Rent Application Fees Property Taxes Appraisal Fees Question Title * 4. What property type is J.P. Morgan Chase headquarters? Retail Industrial Multifamily Office Question Title * 5. Which of the following is NOT a step in the acquisition process? Closing Due Diligence Purchase Agreement Permit Approval Question Title * 6. What do you call the money from lenders that has to be paid back with interest? Equity Debt Purchase Price Revenue Question Title * 7. Antra Investors LLC (AIL) is evaluating a potential hotel asset listed for $10 million and expected to require $2 million of renovations. A broker advised the firm that the estimated sale price once renovations are complete is $11 million. Should AIL do the deal? Yes No Question Title * 8. Which of the following is an example of a property expense? Parking Fees Rent Application Fees Maintenance Question Title Project Hornet Offering Memorandum Question Title Question Title Question Title Question Title Question Title * 9. If all units were at market rent, what would be the annual gross rent? $185,604 $204,036 $194,328 $201,852 Question Title * 10. What is the property's financial vacancy rate? (Round to nearest whole number) 7% 12% 15% 9% Question Title * 11. Based on the sales comps, what is the market cap rate? 5.71% 6.29% 5.63% 5.44% Question Title * 12. Based on the current rent, what is the property’s gross rent? $185,604 $163,892 $159,660 $122,476 Question Title * 13. Using the sales comp approach, what is the property’s value? $2,439,500 $1,720,622 $2,233,209 $2,607,990 Question Title * 14. What is the property's vacancy loss? $10,211 $17,677 $5,550 $21,504 Question Title * 15. What is the property’s net operating income? $91,023 $94,465 $106,238 $97,321 Question Title * 16. Based on the listing price, what is the property’s price per square foot? $110 $115 $120 $124 Question Title * 17. Using the income approach, what is the property’s value? $1,781,897 $1,677,885 $1,869,012 $2,056,147 Question Title * 18. Based on the current listing price and NOI, what is the property’s cap rate? 4.72% 4.21% 4.14% 4.26% Question Title * 19. At 70% LTV, what would be the property’s loan principal based on the listing price? $1,562,500 $1,554,000 $1,574,000 $1,471,250 Question Title * 20. What is the property’s physical vacancy rate? (Round to nearest whole number) 5% 10% 14% 91% Question Title * 21. Based on the sales comps, what is the market price per square foot? $133 $111 $144 $94 Question Title * 22. Based on the rental comps, what is the market rent? $810 $791 $801 $824 Done #PDSQUAD
