You're financing the acquisition of an industrial property in Carteret, NJ with a mortgage for $7,800,000. The loan has a maturity of 5 years and a 25-year amortization period. Payments are calculated on an annual basis.

1) If the purchase price of the property is $12,000,000, what is the corresponding loan-to-value (LTV) ratio?

2) If the mortgage rate is 6% and the projected NOI for the property in the first year is $793,218.92 what is the corresponding debt coverage ratio (DCR)?

3) If there is an origination fee equal to 2% of the loan amount due at the time of closing, what is your net equity contribution for this acquisition?