UNDERWRITING ANALYSIS:
Assuming the following mortgage were borrowed or procured from:
Andrew Lichtenstein, Inc., Lichtenstein Capital Markets (http://www.doctormortgage.com/)
5770 Palisade Avenue Riverdale, New York 10471, (800) 242-9888 (718) 549-5999 Fax: (212) 255-5277
Property Type:
TOTAL INCOME: VACANCY/COLLECTION ALLOWANCE:   %
OPERATING EXPENSES   MANAGEMENT FEES:
PROPERTY  UNITS:     SELF MANAGED?
PROPERTY AREA:  REPLACEMENT CAPITAL RESERVES
(for underwriting purposes only)
  
FRANCHISE (Hotels) REPAIR AND MAINTENANCE 
Capitalization rate:

%  

 Maximum Mortgage (% of EV):    

 Maximum Mortgage (DSCR):
DSCR:  @ % (default assumes 250 basis points over the 10 year current UST index yield, 325 points for Hotels)
with  year loan term and year amortization (enter here "S" for self-amortizing, "I" for interest-only)
RESULTS:
NET AVAILABLE FOR FIRST MORTGAGE CHARGES:  $ Requested Amount / Appraisal Value: %
GROSS RENT MULTIPLIER:    Requested Amount /Self Estim. Value: %
ESTIMATED VALUE: $ Requested Amount / Purchase Value:  %
MAXIMUM PERMANENT MORTGAGE (% of Est.Val.):
 monthly payment: $
 balloon payment: $ 		$ Cash Down /Estimated Value: %
Cash Down /Purchase Price:   %
MAXIMUM PERMANENT MORTGAGE (DSC):
 monthly payment: $
 balloon payment: $ 		$ Estimated Value/Unit
Estimated Value/Sq. foot