You have a building with expected first year NOI of $119,500. You have applied for a mortgage

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You have a building with expected first year NOI of $119,500. You have applied for a mortgage where the lender requires a minimum debt coverage ratio of 1.3 (applied to first year NOI).

What would be the estimated (maximum) monthly mortgage payment?

Related Book For answer-question

Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Jun 08, 2023 04:25 AM

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You have a building with expected first year NOI of $119,500. You have applied for a mortgage

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To calculate the estimated maximum monthly mortgage payment we need to use the debt cover... View the full answer

Real Estate Finance and Investments

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