Question: please help Round all final dollar amounts to the nearest cent and don't enter the dollar sign. Round all final percentages to the nearest basis
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Round all final dollar amounts to the nearest cent and don't enter the dollar sign. Round all final percentages to the nearest basis point and don't enter the percent sign. You want to purchase an office building in Brooklyn. The property contains 112,000 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. st The annual rent in the 1 year of ownership is $55.50/sq ft. The vacancy rate is 3.5%. You expect to incur collection losses (from tenant default) of 1.5%. QUESTION 7 The seller's asking price for the property is $55,000,000 (assume this is the value). If the lender has a maximum 70% LTV requirement, what is the most the bank will lend you? (Only based on the LTV requirement.) QUESTION 8 The loan must satisfy both the minimum DSCR of 1.2 and maximum LTV of 70%. What is the biggest loan the borrower can get? QUESTION 9 If you buy the property at the asking price of $55,000,000 using the biggest loan you can get (from question 8) and purchase costs are 5% of the purchase price, what will your down payment be
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