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Assume a lender requires a 1.3 debt coverage ratio as a minimum and the net operating income of a property is $186,400. What is the
Assume a lender requires a 1.3 debt coverage ratio as a minimum and the net operating income of a property is $186,400. What is the maximum loan you would expect to negotiate if a lender is offering a 30 year self-amortizing loan structure at 6% (with monthly payments)? (rounded) a. $2,841,400 b. $1,749,600 c. $988,400 d. $1,992,900
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