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You own an income producing property that you acquired with the help of a commercial loan that includes a debt coverage ratio (DCR) reporting requirement.

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You own an income producing property that you acquired with the help of a commercial loan that includes a debt coverage ratio (DCR) reporting requirement. You must submit financial statements to the lender each quarter that demonstrate the property is maintaining a DCR of at least 1.35x. The most recent financials are as follows: Loan Amount: $5,000,000 Net Operating Income (NOI): 510,000 Debt Service: 390,000 Given these assumptions, what is the property's current DCR? Your Answer: Answer Question 13 (1 point) Now that you have calculated your property's DCR, how does it compare to the lender's requirement? Did you meet the requirement or not? Why or why not

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