Question
you are buying a property and are considering taking out a 7% loan amortizing at a 30-year rate with monthly payments. Your first evaluation of
you are buying a property and are considering taking out a 7% loan amortizing at a 30-year rate with monthly payments. Your first evaluation of the property indicates that it will have an NOI of $1,000,000 per year.
What is the maximum conceivable amount that might be loaned on the property, given this basic information on the available cash flow to repay the loan?
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
