Question
Ann wants to buy a building. The annual NOI for the building will be $100,000. She wants to get a 30 year, fully amortizing, fixed
Ann wants to buy a building. The annual NOI for the building will be $100,000. She wants to get a 30 year, fully amortizing, fixed rate mortgage at an annual rate of 5% with monthly compounding and monthly payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 1.20.
If Ann gets a 50% LTV loan for $500,000, what is her DSCR?
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Law Forms For Personal Use
Authors: The Editors Of Nolo Nolo The Editors
12th Edition
1413330932, 978-1413330939
