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Ann wants to buy a building with an asking price of $3,000,000 (this is also the value). The annual Nol for the building will be

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Ann wants to buy a building with an asking price of $3,000,000 (this is also the value). The annual Nol for the building will be $165,000 in year 1. She wants to get a 30 year, fully amortizing, fixed rate mortgage at an annual rate of 4.35% with monthly compounding and monthly payments. The lender has a minimum debt service coverage ratio requirement of 1.25. The lender also has a maximum LTV threshold of 70%. What is the largest mortgage the lender will give Ann based on both the LTV and DSCR requirements? O $2,209,670.43 O $2,100,000 $132,000 O $2,250,000 4 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers

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