Question
I have following questions in Finance- Real Estate. Please feel free to contact me for any questions. 7. The sellers asking price for the property
I have following questions in Finance- Real Estate. Please feel free to contact me for any questions.
7. The sellers asking price for the property is $7,000,000. If the lender has a maximum 70% LTV requirement what is the most the bank will lend you? (Only based on the LTV requirement.)
4,900,000
8. The loan must satisfy both the minimum DSCR (Debt Service Coverage Ratio) of 1.2 and maximum LTV of 70%.
What is the biggest loan the borrower can get?
9. If you buy the property at the asking price of $7,000,000 using the biggest loan you can get (from question 8), what will your down payment be?
10. What is the annual mortgage payment on the loan in question 8?
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