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Determine lender LTV and define the DSCR calculation based on the following assumptions. NOI: $625,500 Lender cap rate: 6.50% Loan proceeds: $7,200,000 Term: 5 Amortization:
Determine lender LTV and define the DSCR calculation based on the following assumptions.
- NOI: $625,500
- Lender cap rate: 6.50%
- Loan proceeds: $7,200,000
- Term: 5
- Amortization: 25
- Interest Rate: 3.25%
- Total debt service: $419,798
A) LTV: 1.25; DSCR: 75.9%
B) LTV: 74.8%; DSCR: 1.49
C) LTV: 75.9%; DSCR: 1.25
D) LTV: 1.49; DSCR: 74.8%
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
