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Rents for the office building are $10psf based on 250,000 square feet. Assume effective gross income is 95% of gross income and NOI is 70%
Rents for the office building are $10psf based on 250,000 square feet. Assume effective gross income is 95% of gross income and NOI is 70% of EGI. What is the loan amount assuming a DSC is 1.30x of NOI, an interest rate of 5% and fully amortizing 30 year term payable monthly in arrears (Round up)?
Group of answer choices
$15,315,000
$17,476,000
$18,403,000
$19,852,000
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