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I need the right answer You are a commercial real estate investor, and you are considering purchasing a property for your investment portfolio. You will
I need the right answer
You are a commercial real estate investor, and you are considering purchasing a property for your investment portfolio. You will hold the property for 6 years. You will take a 30-year interest-only loan that requires monthly loan payments, at 8.5% annual interest rate. Considering your estimated net operating income amounts for each year of the planed holding period, and the lender's debt coverage ratio, your planned annual Debt Service is $20,655. Given this information... ...the loan amount that you would be using for the purchase equals $ Round to whole dollar, and don't use the $ sign. ...and the loan balance that you would be paying off when you sell the property would equal $ Round to whole dollar, and don't use the $ sign. Im This kind witch has a HINT for you: You won't need to use all numbers that are given in this problem to answer the two questionsStep by Step Solution
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