QUESTION 11 "Ann wants to buy a building. The annual NOI for the building will be $165.000. She wants to get a 20 year interest only fixed rate mortgage at an annual rate of 7.35 with annual compounding and annual payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (DSCR) of 125. The lender also has a maximum LTV requirement of 70%. The asking price is $3,000,000. What is the largest mortgage the lender will give Ann based on both the DSCR and LTV requirements