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A construction loans extension test debt service payments are based on the full loan amount of $30,000,000, a 6% interest rate, 30-year amortization and monthly

A construction loans extension test debt service payments are based on the full loan amount of $30,000,000, a 6% interest rate, 30-year amortization and monthly payments.

Please answer the following two questions:

(1) What is the monthly debt service payment for the extension test?

(2) Assuming NOI of $275,000, what is the property's DSCR?

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