You are a commercial real estate investor, and you are considering purchasing a property for your investment portfolio. You will hold the property for 6 years. You will take a 30-year interest-only loan that requires monthly loan payments, at 8.5% annual interest rate. Considering your estimated net operating income amounts for each year of the planed holding period, and the lender's debt coverage ratio, your planned annual Debt Service is $20,655.

Given this information...

...the loan amount that you would be using for the purchase equals $ . Round to whole dollar, and don't use the $ sign.

...and the loan balance that you would be paying off when you sell the property would equal $ . Round to whole dollar, and don't use the $ sign.