Question
Projected first year NOI is 50,000 and desired DCR (debt coverage) is to be 1.20x. Assume the interest rate is 8% and amortization of 25yrs,
Projected first year NOI is 50,000 and desired DCR (debt coverage) is to be 1.20x.
Assume the interest rate is 8% and amortization of 25yrs,
What is the max amount this lender is willing to lend?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
