You're financing the acquisition of an industrial property in Carteret, NJ with a mortgage for $8,400,000. The loan has a maturity of 5 years and a 20-year amortization period. Payments are calculated on an annual basis. If the purchase price of the property is $12,000,000, what is the corresponding loan-to-value (LTV) ratio?

If the mortgage rate is 6% and the projected NOI for the property in the first year is $915,437.85, what is the corresponding debt coverage ratio (DCR)?

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?