Question: A lender is willing to do a 75% LTV loan at an interest rate of 4.25% with a 25-year amortization on a property costing $15

A lender is willing to do a 75% LTV loan at an interest rate of 4.25% with a 25-year amortization on a property costing $15 million. If the bank also has a minimum DSCR (aka DCR) ratio of 1.3, what is the MINIMUM Net Operating Income the property needs to get a loan for $11.25 million?

correct answer is 950,750 but how do you get this?

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