Question: 9) What is the maximum loan amount obtainable for the following apartment complex assuming a 1.20x debt coverage ration is required by the Bank? (Spts)

9) What is the maximum loan amount obtainable for the following apartment complex assuming a 1.20x debt coverage ration is required by the Bank? (Spts) Annual potential income of $815,000, a 7.5% vacancy rate, annual operating expenses of $375,000, a 5.5% rate, and a 20-year amortization

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