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You are under contract to purchase a property for $50,000,000 at a 5.5% cap rate. You have received term sheets from three different lenders who are willing to finance the acquisition. Each lender is offering a 5 year loan with a 4.00% interest rate and 30 year amortization period, but they differ on loan amount. Lender A is willing to finance up to a 1.30x DSCR. Lender B is willing to finance up to an 7.75% DY. Lender C is willing finance up to a 65% LTV. What is the monthly debt service for Loan C?
-$155,160
-$156,623
-$1,300,000
-$1,879,478


Sagot :

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