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What is the maximum loan amount allowed assuming a 4.5% annual interest rate with a 25 year amortization and a NOI/Cash Flow of $350,000 plus
What is the maximum loan amount allowed assuming a 4.5% annual interest rate with a 25 year amortization and a NOI/Cash Flow of $350,000 plus assumed appraised value of $5,350,000, using the following underwriting requirements: 8.75% Debt Yield, 1.30x Debt Service Coverage Ratio (annual), and 75% Loan-to-Value? Round to nearest $1.00.
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