What is the implied minimum DSCR

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You will be purchasing a $4,000,000 retail center Bear Avenue. The projected annual NOI is $300,000. Your lender will only give you $3,100,000 to finance the purchase. What is the implied minimum DSCR given the following information (rounded to 2 decimal places) 75% LTV 4.50% rate (monthly compounding) 10 year loan term 30 year amortization

Reference no: EM132049590

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