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Your building has been appraised at $2,000,000 using a cap rate of 12%. The mortgage company is willing to provide you a $1,500,000 mortgage loan

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Your building has been appraised at $2,000,000 using a cap rate of 12%. The mortgage company is willing to provide you a $1,500,000 mortgage loan with an amortization period of 25 years and a mortgage interest rate of 12%. What is the DSCR O a. 1.29 Ob. 1.92 O c. 75% O d. $240,000 e. None of the above are correct

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