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QUESTION 9 Ann wants to buy a building. The annual NOI for the building will be $175.000. She wants to get a 20 year interest
QUESTION 9 "Ann wants to buy a building. The annual NOI for the building will be $175.000. She wants to get a 20 year interest only fixed rate mortgage at an annual rate of 8,35 with annual compounding and annual payments to buy the building. The lender has a minimum Debt Service Coverage Ratio (OSCR) of 1.20. What is the largest annual loan payment the lender will allow Ann to make based on the DSCR? QUESTION 10 "Ann wants to buy a building. The asking price is 57.500.000. Her lender has a maximum LTV requirement of 854. What is the minimum down payment Ann needs to make in order to get this loan
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