you are considering purchasing an office building for 9700000 you expect potential gross income PGI in the first year to be 850,000 vacancy and collection losses to be 12% of the PGI and operating expenses and capital expenditures to be 35% of the effective gross income AGI to the annual interest rate on the debt financing will be 4.0% payment will be made monthly based on a 30 year amortization schedule.

if the lender requires DCR to be 1.3 or greater what is the maximum loan amount rounded to 100,000s?