Question 1 2 pts A developer wants to finance an apartment building costing $2 million with a LTV of 75%, 20 year 10 loan at the interest rate of 8%. The projects' NOI is expected to be $180,000 during first year. The lender will require an initial debt coverage ratio of at least 1.25. What is the debt coverage ratio of the project? 1.5 1.3 1.65 1.75 Next