22) (1 pt) If an owner receives a $20,000,000 appraisal on a property, takes o a $5,000,000 loan when the NOI is $1,000,000 and debt service is $500,000, what is the LTV? a. 10% b. 20% c. 25% d. 50% 23) (1pt) If the lender allows a maximum loan to value of 65%, what is the maximum loan using the following assumptions? a. NOI - $775,000 b. Cap Rate-5.2% c. Interest Rate - 4.1%