Seller carry and the capital stack
Purchase price
Senior loan (% of price)
Senior rate (%)
Senior amortization (yrs)
Carry amount as
% of price
dollars
Carry value
Carry rate (%)
Carry payment
interest-only
amortizing
Carry term (yrs, if amortizing)
Single-period, no maturity or refinance events, no coverage test. The balloon and the time dimension are exactly what this omits.
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