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You recently purchased a grocery-anchored shopping center as an investment for $12,310,000. Annual NOI for the property is $800,150. You can borrow 75% of your
You recently purchased a grocery-anchored shopping center as an investment for $12,310,000. Annual NOI for the property is $800,150. You can borrow 75% of your purchase price at a 4% interest rate, with 25-year amortization (compounded monthly). What is the indicated debt coverage ratio?
Group of answer choices
16.42
12.31
1.03
1.37
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