Question: A property has projected first year NOI of $100,000 in a market where the cap rate for similar properties is 8.00%.
What is the maximum loan amount using an LTV of 75%?
What is the maximum monthly debt service for a loan having a DCR of 1.35?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.