A lender is giving lending based on income that a property can create. Given the following conditions,
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Question:
A lender is giving lending based on income that a property can create. Given the following
conditions, what is the maximum loan amount that you will be offered? (10 pts)
150,000 SF building that is 70% leased at $18/SF, but $5/SF in operating expenses. Loan would
be at 5% with a 25-year amortization and require a 1.25x debt service coverage ratio.
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