A property is expected to generate a stabilized NOI of 115,000 and the NOI is expected to remain constant. An investor is considering the purchase of this property for $2,300,000 A bank has offered to finance the investor's acquisition with a maximum LTV of 65% and a minimum DSCR of 1.35. The bank is prepared to offer a mortgage loan with monthly payments, a 4% interest rate on a 5 year term with a 25 year amortization. a) If the investor proceeds with the acquisition with leverage, what is the maximum initial amount of the mortgage? Answer: b) if instead of a mortgage loan, the bank offered the exact same terms and conditions but on a corporate loan, what would the initial loan amount be? c) If the investor's cap rate were to increase by 2%, how much would they be willing to pay for the property today rather than the current purchase price of 2,300,000