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You are interested in purchasing a commercial property. You project that the propertys NOI next year will be $1,500,000. The current cap rate for similar

You are interested in purchasing a commercial property. You project that the propertys NOI next year will be $1,500,000. The current cap rate for similar properties is 7.0%. You are interested in acquiring a loan with a 30-year amortization term at a 6% annual interest rate. Based on the two metrics provided below calculate the loan amount.

FIND: PLEASE SHOW WORK

(a) LTV = 75%

(b) DCR = 1.35

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