If a borrower takes on a new loan, what changes do we expect to see on their financial statements? a. No Change Ob. Only the Income Statement O c. Only the Balance Sheet d. Potentially both Income Statement and Balance Sheet If a borrower who makes $65,000 a year is requesting a $75,000 loan that will be secured by an asset that is valued at $125,000, then what is the loan to value? O a. 86.6% O b. 52% c. 60% A business owner has revenues of $1.3 million and a NOI of $280,000 is seeking to purchase a piece of equipment. Assuming your bank policy is the maximum loan to value you, can lend is 75% LTV, what value of the asset is needed to do a $250,000 loan? a. $333,333 b. $373,333 O c. $187,000 O d. $975,000