Business, 17.04.2020 04:17 brutalgitaffe
Assume a retail shopping center can be purchased for $5.5 million. The center’s first year NOI is expected to be $489,500. A $4,000,000 loan has been requested. The loan carries a 9.25 percent fixed contract rate, amortized monthly over 25 years with a 7-year term. What will be the property’s (annual) debt coverage ratio in the first year of operations? Group of answer choices 1.19 1.40 0.08 0.84
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Assume a retail shopping center can be purchased for $5.5 million. The center’s first year NOI is ex...
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