If lenders insist on a debt coverage ratio of at least 1.2, net operating income is $250,000 and the annual debt service constant is .

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October 19, 2020
Goods that are still in the production process would be in which account?
October 19, 2020

If lenders insist on a debt coverage ratio of at least 1.2, net operating income is $250,000 and the annual debt service constant is .

If lenders insist on a debt coverage ratio of at least 1.2, net operating income is $250,000 and the annual debt service constant is .105, and if all other lender criteria are satisfied, the maximum mortgage loan the property will support is:

A.)less than $1.8 million.

B.)more than $1.8 million but less than $2.0 million.

C.)more than $2.0 million.

D.)not determinable with the information supplied.

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