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your client owns a 14 story building that generates a gross rental revenue of $1,332,900; operating expenses of $412,300; interest expense of$575,000; and incomr taces
your client owns a 14 story building that generates a gross rental revenue of $1,332,900; operating expenses of $412,300; interest expense of$575,000; and incomr taces of $72,000. you are going to lend $9,200,000 at market rate of 6.25% with 25 year amortization. what is the acual debt service cover ratio? A. 1.17 B. 1.26 C. 1.48 D. 1.6
A. 1.17
B. 1.26
C. 1.48
D. 1.6
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