Business, 11.12.2019 17:31 tiannaetzel

4. you decide you want to take out a loan to finance the purchase of this property. it will be an io loan at a rate of 6.25%, compounded annually, with annual payments. the lender will provide financing up to a minimum debt service coverage ratio (dscr) of 1.2 based off of the 1st year noi. what is the largest annual loan payment the lender will allow you to make based on the dscr? 5. if you get a loan that corresponds to the largest annual loan payment the lender will allow you to make based on the dscr (computed in part 4), what will be your net income (ni) in the first year? (a) 100,000 (b) 105,125 (c) 107,525 (d) 110,625 6. what is the largest loan a lender is willing to provide you with based on question 4? (assume this is an io loan at 6.25%) 7. the seller’s asking price for the property is $7,000,000. if the lender has a maximum 70% ltv requirement what is the most the bank will lend you (the largest loan based on ltv constraint only, ignoring dscr)?

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4. you decide you want to take out a loan to finance the purchase of this property. it will be an io...

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