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23. A l Banker is going to require a Debt of 1.40x on maximum Loan-t-eCoverage Ratio (DCR) of 1.40x on NOI of $438,000, and a

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23. A l Banker is going to require a Debt of 1.40x on maximum Loan-t-eCoverage Ratio (DCR) of 1.40x on NOI of $438,000, and a oan has two limiting factors in regards to total loan sizing (take lower of the two).A m Loan-to-value (LTV) or 65% on a to-be-built property. Based on a rate of 6.5%, y payments, how big of a loan can the Borrower get? The appraised value of the property is $6,500,000. (10 pts)

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