A property has an underwritten net cash flow of $2 million. A first mortgage is sized...

A property has an underwritten net cash flow of $2 million. A first mortgage is sized using a 3.7% interest rate, 30-year amortization, and a net cash flow debt service coverage ratio of 1.45x. What is the maximum loan it qualifies for using a NCF DSCR sizing constraint?

$32,855,018
$24,744,430
$24,972,144
$37,278,658

Solutions

Expert Solution

Calculation of Amortization Interest and amount on loan :-

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note:-

my ans is 2285543 ,I calculated multiple times but my ans is not match with given option..

ekkarill92 answered 1 year ago

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