Please answer with work shown!!

You want to purchase an office building in Brooklyn. The property contains 32,100 square feet of rentable space and is currently occupied by multiple tenants each with differing maturities on their respective leases. No lease is currently shorter than 1 year. The annual rent in the 1" year of ownership is $45.50/sqft. The vacancy rate is 15.5%. You expect to incur collection losses (from tenant default)on 5.5% of the square feet during your first year. 7. The seller's asking price for the property is $8,000,000. If the lender has a maximum 70% LTV requirement what is the most the bank will lend you? (Only based on the LTV requirement.)