Kung-McIntyre Enterprises is purchasing an office building for $3 million. Expected first-year NOI is $240,000. Far East
Fantastic news! We've Found the answer you've been seeking!
Question:
Kung-McIntyre Enterprises is purchasing an office building for $3 million. Expected first-year NOI is $240,000. Far East Mortgage will provide 25-year financing at 6 percent interest; Far East requires an 80 percent loan-to-value ratio and a 1.30 debt-coverage ratio (DCR). Based on this information, what is the largest loan Far East will provide?
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Posted Date: