Question: Thumbs up for quick answer:) LE Question 10 0.5 pts You are planning to purchase an apartment building that is expected to produce a NOI

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LE Question 10 0.5 pts You are planning to purchase an apartment building that is expected to produce a NOI in year one of $350.000 (you have verified this by completing your own proforma analysis. You know current rates in the area for spartment buildings are 5.0. You also know that the local community bank would lend you a 65% LTV, five year mortgage with 30-year moration and 3.75% anual interest.compounding monthly. What is the DSCR ratio expected to be based on the proforma NOI of $350,000 in year one please enter answer as a numerical value, rounded to two decimal places de xx

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