For the Same Property as Above, Suppose the Underwriting Criteria

question 23

Multiple Choice

For the same property as above, suppose the underwriting criteria is a maximum loan/value ratio LTV) of 75%, and we estimate property value by direct capitalization using a rate of 11% on the stated NOI. By this criterion what is the maximum loan amount?

• A) $2,789,406
• B) $3,409,091
• C) $3,844,614
• D) $4,000,000
• E) $4,139,619

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Definitions:

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The production of oocytes; the ovarian cycle.

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The process during cell division where the cytoplasm of a parental cell is divided into two daughter cells.

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The expansion of the inner two thirds of the vagina during sexual arousal.