7. The sellers asking price for the property is $7,000,000. If the lender has a maximum 70% LTV requirement what is the most the bank will lend you? (Only based on the LTV requirement.)

8. The loan must satisfy both the minimum DSCR of 1.2 and maximum LTV of 70%.

What is the biggest loan the borrower can get?

9. If you buy the property at the asking price of $7,000,000 using the biggest loan you can get (from question 8), what will your down payment be?

10. What is the annual mortgage payment on the loan in question 8?

11. If you buy the property at the asking price of $7,000,000, what will your going in Cap Rate be? Write your answer in percent, but do not include the % sign.

12. If the annual irr for this property is 8.5%, then based on the cap rate in question 11, what does this imply is expected NOI growth rate for this property? Write your answer in percent, but do not include the % sign.