What loan-to-value ratio m is implied for the following


What loan-to-value ratio (M) is implied for the following property if the debt coverage ratio (DCR) is 1.15?

Property value: $2,800,000

Net operating income: $180,000

Loan terms: 30 years at 8% interest, fully amortized

Assume annual payments

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Financial Management: What loan-to-value ratio m is implied for the following
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