Question
On a $2.5M purchase, what must the LTV be with an interest rate of 6%, amortized over 25 years with monthly payments to have the
On a $2.5M purchase, what must the LTV be with an interest rate of 6%, amortized over 25 years with monthly payments to have the same return on equity (for the first year) as another loan that has an LTV of 50%, interest rate of 4%, and all other things equal? Net rent is 175,000. Closing costs of 1%.
- A. 60.21%
- B. 75.50%
- C. 85.00%
- D. 70.35%
- E. 65.78%
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
