An investor group is considering purchasing Warren Woods, a multifamily property with 200 units that are each
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An investor group is considering purchasing Warren Woods, a multifamily property with 200 units that are each 1,000 square feet. Rents are running
$2.00 per square foot per month. Adjusted NOI is 50 percent of revenues.
The property is currently valued at $150,000 per unit. The bank is offering a loan of $20 million at 6 percent with 25-year amortization. What is the LTV and DSCR?
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