How are you supposed to calculate last dollar loan percentage?
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[{"id": "gdltgxq", "text": "Your question doesn\u2019t make a lot of sense. Is this for homework or something?", "replies": [{"id": "gdltpsr", "text": "It is. I was asked to calculate the LP's last dollar exposure percentage", "replies": [{"id": "gdltxjk", "text": "You\u2019ve given the split of GP and LP contribution, but no way to calculate the % LTV, which is what I think you\u2019re looking for? You need either the total project capitalization (price + other costs) or the equity %.", "replies": [{"id": "gdlu3aa", "text": "The LTC 75%", "replies": [{"id": "gdlu4i9", "text": "equity % of LP is 92%", "replies": [], "depth": 5}, {"id": "gdluupc", "text": "I think that's your answer? The last dollar loan % is generally your total loan %. For example if you had a senior loan of 65% and then a mezz loan of 15% your last dollar LTV is 80%. When I was on the debt side you'd the senior credit guys ask \"what is the last dollar debt yield?\" for a deal we were letting the sponsor use mezz on.\n\n&amp;#x200B;\n\nEdit: It could be 76.5%, but I'm not sure. If you take the total loan amount and divide by LP equity + loan amount you get 76.5%. Since the technically haven't put in the other $500k of equity (the GPs) you can compare the total loan amount to their equity + debt? Sorry not familiar with intricacies of LP side of things.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gdlwhjl", "text": "Yea so not to be a Dick, but I read your comment history, and you claimed to have 3.5  years of experience but at an earlier date you had 5 years of experience. What gives? You also asked another thread how to calc a cost cap, but based on your \u201cexperience in acquisitions\u201d you should have known that answer as well as the one that you\u2019ve just posed. So the real question is what in the fuck? Don\u2019t fucking lie.", "replies": [{"id": "gdlyyjk", "text": "Actually yea but for real - wtf, none of this guys post history makes sense. Also not to be a dick but NFW he\u2019s at Wharton like he claims if he had a pre-mba job in CRE that would have qualified him for the school he wouldn\u2019t be posting these questions. I went to Wharton/HBS/Kellog/Booth/Stanford and had come from a CRE background; the other people in my program who did all had similar backgrounds - generally IB-&gt;PE or name brand national operator. OPs posts are all stuff you\u2019d know as an associate at a firm that would give you sufficient background to get into a top 5 MBA program. \n\nAnyways whatever, at least this isn\u2019t straight spam. That being said I wish the dude on meth would come back to ask about creating a barter economy in CRE.", "replies": [], "depth": 2}, {"id": "gdn8ldq", "text": "Hahahaha! Nice investigative work", "replies": [], "depth": 2}, {"id": "gdo1dbb", "text": "And 1 year ago he said he went in for an interview for an associate role at a REPE firm but he needed help building the model they asked for...", "replies": [{"id": "gdpv9hr", "text": "I know right if you get that far through the interview process they can tell if you\u2019re full of shit. If you can\u2019t make a basic data table you would never have gotten to the point where they would have asked you to build one", "replies": [{"id": "gdq16a7", "text": "Yeah they would sniff it out instantly. Just about everyone I know in REPE has an MBA from a top school or has had an impressive prior role at one of the major brokerages. Not someone that\u2019s asking what IRR and terminal cap rate is. OPs history definitely confuses me.", "replies": [{"id": "gdq5l9b", "text": "Honestly expected to find some Grant Cardone fan boy bullshit in his history, but surprisingly not.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]