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If lenders insist on a debt coverage ratio of at least 1.2, net operating income is $250,000 and the annual debt service constant is .105,
If lenders insist on a debt coverage ratio of at least 1.2, net operating income is $250,000 and the annual debt service constant is .105, and if all other lender criteria are satisfied, the maximum mortgage loan the property will support is:
A) less than $1.8 million.
B) more than $1.8 million but less than $2.0 million.
C) more than $2.0 million.
D) not determinable with the information supplied.
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