Question
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?
- $32,855,018
- $24,744,430
- $24,972,144
- $37,278,658
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
