Question
Please show all work in excel format. In a market experiencing a cap rate of 8%, a hotel is valued at 100 mi. A 30-year,
Please show all work in excel format.
In a market experiencing a cap rate of 8%, a hotel is valued at 100 mi. A 30-year, monthly amortizing fixed rate mortgage at 7% is being considered to finance this hotel. The bank's underwriting criteria include the DSCR of 1.5 and the LTV of 70%.
What is the actual loan to value ratio for this loan?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
6th Edition
0324302959, 9780324302950
