Question 36 (4 points) Equity Multiples: Assume an investor purchases a property for $100,000. The investor used a loan for $50,000 and invested cash equity of $50,000 for the balance. Assume the property pays $7,000 per year in NOI for 6 years. Assume annual interest payments on the loan of $2,500 (interest only loan, so no amortization). Assume the investor sells the property for $165,000 at the end of 6 years. What is the Equity Multiple? Hint: This problem requires you to calculate your annual CFADS and your net proceeds on the sale of the property. 1.72x 2.84x 1.65X 3.96x Question 37 (4 points) The Lincoln Building has NOI of $160,000. The owner would like to refinance. The property was recently appraised at a cap rate of 5%. The lender will provide 75% LTV. What is the amount the owner may borrow? State your answer in standard currency format ($, commas, periods, 2 decimal places)