Question
A Property has an underwritten net cash flow of $2 Million. A first mortgage is sized using a 3.7% interest rate, a 30-year amortization, and
A Property has an underwritten net cash flow of $2 Million. A first mortgage is sized using a 3.7% interest rate, a 30-year amortization, and a net cash flow debt service coverage ration of 1.45x. What is the maximum loan it qualifies for using the NCF DSCR sizing constraint?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
