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3 ( 3 0 points ) . Black Mountain Financial wants to buy Park Estates for $ 2 6 , 0 0 0 , 0
points Black Mountain Financial wants to buy Park Estates for $ Next year year Park Estates is expected to have potential gross income of $; effective gross income of $; and net operating income of $ Artistic Financial Bank makes commercial real estate loans that involve upfront fees of mature in years, have a fixed annual interest rate of and are partially amortizing with a balloon payment of $ at maturity. Lastly, the bank requires that the debt coverage ratio at origination be at least Note that the points are the only upfront fees associated with the loan.
a Whats the largest loan that the Black Mountain Financial could get from the bank? Round your answer to the nearest dollar and write it in the box.
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