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Hello i Need ans from 1-4 please ASAP [The information presented here applies to questions 14 ] You are considering an investment in a small
Hello i Need ans from 1-4 please ASAP
[The information presented here applies to questions 14 ] You are considering an investment in a small medical office building in Hackensack, NJ. The asking price for the building is $3.25M and a local commercial bank has offered to provide financing in the form of a 5-year mortgage with a 20-year amortization period. The interest rate on the mortgage is 6% and payments are made on an annual basis. If the maximum loan-to-value (LTV) ratio for the loan is 60%, what is the most the lender will provide based on this condition? Question 2 1 pts What is your annual mortgage payment assuming that the lender will provide financing at a 60% LTV? What is your annual mortgage payment assuming that the lender will provide financing at a 60% LTV? Question 3 1 pts You estimate NOI in your first year of ownership to be $220,000. What is the DCR for the loan based on the 60% LTV? Question 4 1pts If the lender approves the loan amount You estimate NOI in your first year of ownership to be $220,000. What is the DCR for the loan based on the 60% LTV? Question 4 1 pts If the lender approves the loan amount based on a 60% LTV and requires that you pay $42,000 in origination fees at closing. what is your equity investment in the building? Question 5 1 pts [The information presented here applies to questions 58. You Step by Step Solution
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