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Maximum Loan from Lender Assignment | Homework For You

Author:
June 4th, 2020

Assume a lender requires a 1.3 debt coverage ratio as a minimum and the net operating income of a property is $86,400. What is the maximum loan you would expect to negotiate if a lender is offering a 30 year self-amortizing loan structure at 6% (with monthly payments)? (rounded) Ch10Homework For You

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a.

$923,700

b.

$688,400

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c.

$749,600

d.

$841,400. Get Finance homework help today

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