Question
You can purchase a shopping center for $6,000,000. The $4,500,000 loan approved by the lender would be amortized for 30 years, the annual interest rate
You can purchase a shopping center for $6,000,000. The $4,500,000 loan approved by the lender would be amortized for 30 years, the annual interest rate is 4.5%. The annual NOI is $400,000. What is the LTV of the Loan?
66.67%
75%
1.46
1.33
Please specify the correct answer
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
