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A lender says its LTV is 50% for a property you are considering. You need a loan amount of $1,500,000, what must be the appraised
A lender says its LTV is 50% for a property you are considering. You need a loan amount of $1,500,000, what must be the appraised value to qualify for the full loan amount?
If the $1,500,000 is paid interest only at 7.0%, what is the annual amount of debt service (the amount you must pay the lender)?
If the $1,500,000 is to be repaid 7.0% with loan principal amortized over 20 years, what is the annual debt service?
- If the propertys underwriting (stabilized year 1) NOI is $153,300, find DSCR?
- Does this meet a minimum 1.25x DSCR?
- If the lender requires a 1.45x DSCR, what must the NOI be to qualify?
- What is the amount owed to the lender if you sell the property at the end of year 3?
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