What happens when you reevaluate a property with a loan coming to maturity?
I'm currently working on reevaluating a property that had an original purchase price of $5,733,333 and a 75% LTV loan taken out in March of 2008. The loan terms are 240 months Amort and will be payed off at the end of month 120, so end of February 2018.

My question is when I'm reevaluating this property, let's say on January 2017, Does my equity change based on what my current loan balance is at that point in time? Or is it the same from when the loan originated?
[{"id": "dexspf5", "text": "Initial invested equity is not the same as \"equity\". \n\nThe 25% you put down is your initial equity. That will not change. \n\nIf there is a capital call and you add more cash to the deal, that counts towards how much equity you've invested in the deal. \n\nIf you own $5m on the note and the property is worth $10m, you have $5m of equity that can be distributed we're you to sell the property. ", "replies": [{"id": "dexsyy6", "text": "Sorry about that, I did mean initial invested equity.\n\nAnd that's what I thought. I'm looking at an ARGUS model and for some reason it's changing my initial equity invested from 25% to nearly 50% when I'm reevaluating the property. Must be a bug on their end.\n\nThanks for your help!", "replies": [], "depth": 2}], "depth": 1}]