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10. A property is purchased for $15 million. Financing is obtained at a 75% loan-to-value ratio. S% i year amortization, monthly payments. The property produces

10. A property is purchased for $15 million. Financing is obtained at a 75% loan-to-value ratio. S% i year amortization, monthly payments. The property produces an NOI of $1,400,000. What is the BTCF (before tax cash flow)? (4 pts) nterest, 20

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