Question
A lender's underwriting criteria requires a minimum of a 1.50x Debt Service Coverage Ratio to qualify for a loan. You have requested a loan amount
A lender's underwriting criteria requires a minimum of a 1.50x Debt Service Coverage Ratio to qualify for a loan. You have requested a loan amount that the lender estimates will have $300,000 of Annual Debt Service (i.e., annual loan payments). For your investment property to qualify for the loan, what must the property's annual NOI (Net Operating Income) be equal to?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
