Question

Ann wants to buy a building. The annual NOI for the building will be $145,000. She wants to get a 20 year interest only fixed rate mortgage at an annual rate of 6.50% with annual compounding and annual payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 1.25. The lender also has a maximum LTV requirement of 70%. The asking price is $2,750,000. What is the largest mortgage the lender will give Ann based on both the DSCR and LTV requirements

Answer 1

are faltu mt

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