Question
Using the information below, what loan amount can be offered assuming a 9% debt yield? Round to nearest dollar: Gross Potential Income $ 1,500,000 Submarket
Using the information below, what loan amount can be offered assuming a 9% debt yield? Round to nearest dollar:
Gross Potential Income $ 1,500,000
Submarket Vacancy 3%
Property Vacancy 7%
Total Expenses $675,000
Estimated Annual Average Future TI/LC $120,000
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Effective Gross Income can be computed as Gross Potentia...
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
