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Assuming the following mortgage were borrowed or procured from:

Andrew Lichtenstein, Inc., (www.LichtensteinRE.com)

5770 Palisade Avenue Riverdale, New York 10471, (800) 242-9888 (718) 549-5999 Fax: (866) 591-1138

* = required fields
don't use commas in numeric fields
Property Details
PROPERTY TYPE: *
TOTAL ANNUAL INCOME: * VACANCY/COLLECTION ALLOWANCE:   %
ANNUAL OPERATING EXPENSES: *MANAGEMENT FEES:
PROPERTY UNITS:    SELF MANAGED?
PROPERTY AREA: * ANNUAL REPLACEMENT CAPITAL RESERVES
(for underwriting purposes only)

  
FRANCHISE (Hotels) ANNUAL REPAIR AND MAINTENANCE 
Loan and Other Details
CAPITALIZATION RATE:

%  

 
MAXIMUM MORTGAGE:
Method 1:
% of Estimated Value (EV):  
 

MAXIMUM MORTGAGE:
Method 2:

Based on Debt Service Coverage Ratio (DSCR):
DSCR:   with % Annual Interest Rate (Change to: , Default assumes 250 BPS Basis Points Spread over the 10 Year Current US Treasury Index Yield, 325 BPS Basis Point Spread for Hotels)
with  Year Loan Term
This is the year that the mortgage shall balloon and become due and payable before the mortgage is fully amortized.
and Year Amortization Schedule.
(Enter "S" here for Self-Amortizing payment schedule. This means the Mortgage Term is Equal to the Amortization Schedule with $0 being the final balance at the end of the mortgage term.)
(Enter here "I" for Interest-Only. This means that the mortgage shall not amortize at all. All payments will go to interest only.)



RESULTS
ANNUAL UNDERWRITTEN NET INCOME AVAILABLE FOR FIRST MORTGAGE DEBT SERVICE: 
GROSS RENT MULTIPLIER:
ESTIMATED PROPERTY VALUE: (Based on capitalization rate entered)
MAXIMUM PERMANENT MORTGAGE: (Method 1: % of EV Estimated Cap Rate Value):
generate payment schedule
MAXIMUM PERMANENT MORTGAGE: (Method 2: based on DSCR):
generate payment schedule

 

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