What is the maximum loan amount available given the following facts assuming lender underwriting constraints of: max 75% LTV, minimum debt yield of 9%, 8% cap rate, with a 4% interest rate/30 year monthly amortizing loan and minimum debt coverage of 1.2x? The property has a NOI of $1,200,000, annual cash flow before debt service of $1,147,500. Round to nearest dollar.

		$11,250,000
		$12,750,000
		$15,543,770
		$16,691,443