A property owner has a property with a forecast net operating income of $100,000 for next year.
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A property owner has a property with a forecast net operating income of $100,000 for next year. A lender has indicated that he would make a loan on the property based on a 1.25 debt service coverage ratio (DSCR), 9.5 percent interest, and 20-year amortization with monthly payments. What loan amount would this owner expect to receive?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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