Question
Rents for the office building are $15psf based on 150,000 square feet. Assume effective gross income is 95% of gross income and NOI is 60%
Rents for the office building are $15psf based on 150,000 square feet. Assume effective gross income is 95% of gross income and NOI is 60% 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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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
