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Question
An investor group is considering purchasing Warren Woods, a multifamily property with 200 units each 1,000 sq. feet. Rents are running $2.00 per sq ft per month. Adjusted NOI is 50% of revenues. The property is currently valued at $150,000 per unit. The bank is offering a loan of $20 million at 6% with 25 year amortization. What are the LTV and DSC ratios?
Answer
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Related questions
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General
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Depreciation
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b) allocations that are reflected in capital accounts
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