Loan Expense and tying it into the entire model
Basic excel question but I am stumped - I'm not sure if I am having a brain fart (plus i've been in the office for 14 hours at this point)
Assuming a 65% LTC how do I tie in the expense of the loan when it is based on the overall expense of the project without receiving a circular reference?
Thanks
What do you mean tie the expense of the loan in? Like the loan fee? As far as I know, it'll be a circular reference unless you don't include it in your uses. You could do 65% of the total project without fee and then just add the fee in. Why do you need to avoid the circular reference? Maybe I am misunderstanding you though.
I figured it out - thanks though. I'm going to have to write a macro (I was trying to avoid it). Assuming we are shooting for a specific ROC the land and construction/perm loan will be our only variable expenses
Run the model iteratively, no need for a macro. File > Options > Formulas > Enable iterative calculation. You can set for a lower number than the default 100 for this calc, I do 30 so it doesn't drag every time I change a cell.
This..
I will look into this - thanks
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