Next years projected NOI: $900,000

Interest rate: 8.00%

Term: 15

Amortization: 30

Purchase price: $9,000,000

Down payment: $2,000,000

What is the LTV?

Group of answer choices

77.78

83.33

75.00

None of these are correct

60.00

What is the annual debt yield?

Group of answer choices

13.33

15.00

7.60

None of these are correct

12.86

What is the annual debt coverage ratio?

Group of answer choices

0.86

1.74

None of these are correct

1.46

2.35