Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help you can purchase a new apartment building f

Help You can purchase a new apartment building for 1,800,900. The bank has...

90.2K

Verified Solution

Question

Accounting

Help

image
You can purchase a new apartment building for 1,800,900. The bank has quoted an 80% LTV, and a 1.30 DCR (Debt Coverage Ratio). The loan would be amortized for 30 years, the annual interest rate is 3.75%. The annual NOI is $100,000 Determine the maximum amount of the loan based on the DCR 1,800,000 O 1,440,000 O 1,386,000 O 144,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students