Question: Question 9 A commercial property has expected first year NOI of $54.000. If the required debt coverage ratio is 125 for a mortgage maximum loan

Question 9 A commercial property has expected first year NOI of $54.000. If the required debt coverage ratio is 125 for a mortgage maximum loan amount? with 30 year amortization, what is the $500,375 $533,733 $567,091 $600,450 $633,808

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

10 pts A commercial property has expected first year NOl of $54,000, If the required debt coverage ratio is 1.25 for a mortgage at 6% with 30-year amortization, what is the maximum loan amount? O...

A commercial property has expected first year NOI of $48,000. If the required debt coverage ratio is 1.25 for a mortgage at 6% with 30 -year amortization, what is the maximum loan amount? $500,375...

can i get help with these review problems in excel? 1) A publicly listed REIT with access to cheap capital has expressed interest in buying your hotel. The hotel NOI is expected to be $1,000,000 in...

1) A publicly listed REIT with access to cheap capital has expressed interest in buying your hotel. The hotel NOI is expected to be $1,000,000 in the next year. If the REIT buys the hotel, its NOI is...

FINANCING MECHANICS PRACTICE PROBLEM Mortgage Loan Underwriting Assumptions: Property Purchase Price: $1,500,000 Appraised Market Value: $1,800,000 Property Net Income Estimate: $120,000 per year...

EXCEL PREFERRED As the mortgage loan officer, you are computing the mortgage terms on an office building loan. The building is expected to generate a net operating income of $250,000 in the next...

As the mortgage loan officer, you are computing the mortgage terms on an office building loan. The building is expected to generate a net operating income of $250,000 in the next year. Your bank...

1.In regards to promissory notes a. a straight note is paid in equal payments until paid in full b. an installment note requires a balloon payment at the conclusion of its term c. the periodic...

As the mortgage loan officer, you are computing the mortgage terms on an office building loan. The building is expected to generate a net operating income of $250,000 in the next year. Your bank...

I need Chapter 2 & 3 finished. Chapter 4 & 5, Chapter 6 & 7, & Chapter 8. Some of this is completed, but it isn't 100% finished. Let me know if you can get to it. Personal Finance, Fifth Edition by...

A bank processes application forms for credit cards. Each week an internal auditor examines a sample of 58 forms to look for errors. The finance depart goal is to have at most 3 errors per sample,...

Complete the general journal entries for all transactions listed. Please reference the Chart of Accounts. Building Blocks of Accounting .. A Financial Perspective Chart of Accounts Number Name 1110...

A ( n ) accounting unitcost centerinvestment centerresponsibility center is a segment of a business whose manager is accountable for specific sets of activities.

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

developing thick cultural analysis grounded in interaction situations such as international joint ventures;

advancing understanding of the interaction processes of cultures, within power relations, that give rise to successful and unsuccessful hybrid forms of managing through cross-vergence of cultures;

breaking out of previously conceived and investigated cultural dimensions, to develop new concepts that are more helpful in overcoming pejorative assumptions about cultures outside Western traditions;