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NorthLLC has a shopping center with 14 local tenants generating gross revenues of $291,000; operating expense of $83,000; and interest expense of $180,000. There is
NorthLLC has a shopping center with 14 local tenants generating gross revenues of $291,000; operating expense of $83,000; and interest expense of $180,000. There is a $2,400,000 loan amorrizing on a 25 year basis rate of 7.5%, and the target DSC is 1.20. which of the following describes the cash flow cushion in this sceanrio?
A. very well cushioned
B. moderately well cushioned
C. Slightly lacking adequate cushion
D. severely lacking cushion
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