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An office property was bought for $6,500,000. The NOI in year one is projected to be $550,000. The bank is willing to lend up to
An office property was bought for $6,500,000. The NOI in year one is projected to be $550,000. The bank is willing to lend up to 75% at an interest rate of 6% on a 25 year term.
The DSCR is:
| A. | 1.25 | |
| B. | 1.58 | |
| C. | 1.37 | |
| D. | 1.46 |
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
