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:

Code Level

A measure of the complexity or developmental stage of computer software or its algorithms.

Critically Ill Patients

Individuals who are suffering from life-threatening conditions or diseases, requiring intensive medical care.

Constant Bedside Attention

Continuous care and monitoring provided to patients, typically in a healthcare setting, to ensure their safety and well-being.

Level II Code

In healthcare billing in the United States, Level II codes refer to the HCPCS codes used to identify products, supplies, and services not included in the CPT codes, such as ambulance services and prosthetic devices.