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What ddi you get for You can purchase a new apartment building for 1 , 8 0 0 , 0 0 0 . The bank

What ddi you get for You can purchase a new apartment building for 1,800,000.The bank has quoted an 70% LTV, and a 1.30 DCR (Debt Coverage Ratio).The loan would be amortized for 30 years, the annual interest rate is 3.75%.The annual NOI is $100,000.Determine the maximum amount of the loan based on the DCR

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