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A property has an underwritten net cash flow of $2 million. A first mortgage is sized using a 3.7% interest rate, 30-year amortization, and a

A property has an underwritten net cash flow of $2 million. A first mortgage is sized using a 3.7% interest rate, 30-year amortization, and a net cash flow debt service coverage ratio of 1.45x. What is the maximum loan it qualifies for using a NCF DSCR sizing constraint?

a) $32,855,018 b) $24,744,430 c) $24,972,144 d) $37,278,658

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