Comments (2)

Jul 3, 2019

Check the JV docs. Most Interest calculations are made using 360 days per year to get a little bump.

It gets strange because 8% would be 365/365 but 8% 365/360 = 8.11%

The excel formula I would use is datediff on each distribution to find the number of days the passed the accured interest and then subtract the distribution to find a new ending balance on Pref.

Jul 5, 2019