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Homework #1Question #1:You are a loan officer at an NYC Investment Bank. You have been asked to review and make a recommendation on accepting or rejecting a loan application. Lending Assumptions:10 Year T-Bill Rate: .764Bank Loan Mark-up: 300 BpsTerm-Years 10Amortization: Years 30 Loan Type: BalloonDSCR: 1.2LTV: 70%Property Acquisition Details:Asking Price: Cap Rate: 5.05%Cash Flow: $72,000Please answer the following 3 Questions:-How much would the bank loan his company?$50,400/=-What would the annual payment be?$2,545.2-Should the bank approve this loan application?The bank should not approve this loan application. In case the client defaults to pay the loan, the security of the loan will not amount to the money being loaned to the company. This means that that the collateral is insuffi...
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