Question
NOI = $465,000 Value = $812,937.06 Your friend is a mortgage broker with a Fannie Mae License. He/She has indicated that Fannie will give you
NOI = $465,000
Value = $812,937.06
Your friend is a mortgage broker with a Fannie Mae License. He/She has indicated that Fannie will give you a loan the lesser of 80% or 1.25 DSCR constrained. The interest rate for the Fannie loan will be 5% and have a 30 year amortization. Based on that, what is the amount of the loan you think you can get from Fannie. Show your work/methodology for sizing both of these loans.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
5th Canadian Edition
0135004934, 978-0135004937
