medium · Asset-Backed Securities
A commercial mortgage has an annual Net Operating Income (NOI) of $3,600,000 and a loan balance of $28,000,000. The loan has a 6.50% interest rate and a 30-year amortization schedule, resulting in a monthly payment of $176,980. Calculate the Debt Service Coverage Ratio (DSCR).
- $1.32
- $1.70
- $2.03
- 12.86%
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