1. Calculate the Loan-to-Value Ratio (LTV). The initial loan amount was $2,400,000. The debt service was $2,380 per month. The market value of the asset was $4,400,000. Net operating income was $98,000 per year.

1. Calculate the Loan-to-Value Ratio (LTV). The initial loan amount was $2,400,000. The debt service was $2,380 per month. The market value of the asset was $4,400,000. Net operating income was $98,000 per year