Question
A lender quotes you a 6% loan (no fees) with parameters of 1) DCR max 1.25 2) LTV max of 70% 3) 30 year am
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A lender quotes you a 6% loan (no fees) with parameters of 1) DCR max 1.25 2) LTV max of 70% 3) 30 year "am" 4) monthly payments . You are buying a $10,000,000 property with an annual NOI of $ 600,000. What is the maximum loan you can justify under these terms?
$7,000,000
$7,251,336
$6,671,665
$6,422,811
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
