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

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

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