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You own a commercial property and the bank requires a debt coverage ratio of at least 1.30. Your net operating income (NOI) is $3,000,000 what
You own a commercial property and the bank requires a debt coverage ratio of at least 1.30. Your net operating income (NOI) is $3,000,000 what is the maximum debt service the lender will allow? Give the formula and show all computations. Assuming the lender is willing to amortize a loan for 25 years at 7.50 percent and requires a 30 percent down payment what is the value of the property
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