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Please show your 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 your 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 maximum Principal from LTV criteria?

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