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Assume a retail shopping center can be purchased for $6.0 million. The center's first year NOI is expected to be $489,500. A $45,000,000 loan has
Assume a retail shopping center can be purchased for $6.0 million. The center's first year NOI is expected to be $489,500. A $45,000,000 loan has been requested. The loan carries a 4.0 percent fixed contract rate, amortized monthly over 25 years with a seven- year term. What will be the property's (annual) debt coverage ratio in the first year of operations? a. 1.546. b. 0.098. c. 18.547. d. 0.063. 
6. Assume a retail shopping center can be purchased for $6.0 million. The center's first year NOI is expected to be $489,500. A $45,000,000 loan has been requested. The loan carries a 4.0 pereent fixed contract rate, amortized monthly over 25 years with a sevenyear term. What will be the property's (annual) debt coverage ratio in the first year of operations? a. 1.546 . b. 0.098 . c. 18.547 . d. 0.063
Assume a retail shopping center can be purchased for $6.0 million. The center's first year NOI is expected to be $489,500. A $45,000,000 loan has been requested. The loan carries a 4.0 percent fixed contract rate, amortized monthly over 25 years with a seven- year term. What will be the property's (annual) debt coverage ratio in the first year of operations? a. 1.546. b. 0.098. c. 18.547. d. 0.063.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
