The calculated Loan-to-Value Ratio for Year 1 meets the minimum loan term requirements.

True

False

Property Details Rental Units Data \begin{tabular}{|c|cr|} \hline \# of Units & \multicolumn{2}{|c|}{ Monthly Rent } \\ \hline 2 & $ & 750 \\ \hline 2 & $ & 1,050 \\ \hline 3 & $ & 1,150 \\ \hline 4 & $ & 1,250 \\ \hline 5 & $ & 1,650 \\ \hline Vacancy \& Credit Allowance & & 2.00% \\ \hline \end{tabular} Market, Purchase \& Loan Data Recent Historical Commercial Property Sales Data: \begin{tabular}{lrr|lr} \hline & Selling Price & & Gross Schedule Income \\ \hline$ & 250,000 & $ & 80,000 \\ \hline$ & 750,000 & $ & 175,000 \\ \hline$ & 1,250,000 & $ & 128,000 \\ \hline \end{tabular} Year 1 Annual Expenses Property Details Rental Units Data \begin{tabular}{|c|cr|} \hline \# of Units & \multicolumn{2}{|c|}{ Monthly Rent } \\ \hline 2 & $ & 750 \\ \hline 2 & $ & 1,050 \\ \hline 3 & $ & 1,150 \\ \hline 4 & $ & 1,250 \\ \hline 5 & $ & 1,650 \\ \hline Vacancy \& Credit Allowance & & 2.00% \\ \hline \end{tabular} Market, Purchase \& Loan Data Recent Historical Commercial Property Sales Data: \begin{tabular}{lrr|lr} \hline & Selling Price & & Gross Schedule Income \\ \hline$ & 250,000 & $ & 80,000 \\ \hline$ & 750,000 & $ & 175,000 \\ \hline$ & 1,250,000 & $ & 128,000 \\ \hline \end{tabular} Year 1 Annual Expenses