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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)?

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$15,315,000

$17,476,000

$18,403,000

$19,852,000

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