1.You recently purchased an office building for $1,650,000 using the following loan terms: 75% LTV, 25-year amortization, 4.75% interest and monthly compounding.Assuming a net operating income of $140,000 in Year 1 and income taxes equal to $12,000, what is the expected ATCF from Operations in Year 1?

My answer is 43,338. I am sure is correct or not.

2.You recently purchased an office building for $2,000,000 using the following loan terms: 80% LTV, 30-year amortization, 5.25% interest and monthly compounding. Assuming a net operating income of $170,000 in Year 1 and income taxes equal to $12,000, what is the expected ATCF from Operations in Year 1?

My answer is $25,471, I am sure is correct or not.

3.You will be purchasing a $6,000,000 office building on Messer Ct.The projected annual NOI is approximately $425,000.Your lender will only give you $4,500,000 to finance the purchase.What is the implied minimum DSCR given the following information (rounded to 2 decimal places)?

• 4.50% rate (monthly comp.)
• 15 year loan term
• 30 year amortization

My answer is 1.55, I am sure is correct or not.

4.You are about to purchase a newly renovated office building on State Street for $11,400,000 using a mix of debt and equity.The projected annual NOI is $925,000.What is the maximum amount you can borrow given the following loan constraints?

• 80% LTV
• 4.75% rate (monthly comp.)
• 15 year loan term
• 30 year amortization
• Minimum 1.40 DSCR

My answer is $10,554,932, I am sure is correct or not.