Updated over 16 years ago on . Most recent reply
commercial building
there is a comercial building that was appraised 18 months ago for approx. 780K. due to a distressed situation it is available to be purchased for 300K. it currently has 4 tenants which generate 4,200 per month and there is on vacancy. taxes insurance and utilities are paid for by the owner and are approx. 30K. what is the amount of mortgage that this building could support and what is the formula used to determine that?