Multiple Choice
A lender requires a 1.20 debt coverage ratio as a minimum.If the net operating income of a property is $45,000,what annual amount of debt service would provide the required debt coverage ratio?
A) $37,500 or higher
B) $37,500 or lower
C) $54,000 or higher
D) $54,000 or lower
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: One advantage of using leverage is that
Q6: A decrease in financial leverage would be
Q7: A loan in which the lender receives
Q8: An interest-only loan will provide a higher
Q9: Which of the following would NOT be
Q11: One advantage of a sale-leaseback is that
Q12: One benefit of leverage is that it
Q13: The maximum interest rate that could be
Q14: Which of the following is also referred
Q15: A lender requires a 1.20 debt coverage