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3) Given the following: Net Operating Income $ 900,000 Cost of Sale (Broker + Atty) 6% Current Loan Balance $2,500,000 Loan to Value Ratio 75%
3) Given the following: Net Operating Income $ 900,000 Cost of Sale (Broker + Atty) 6% Current Loan Balance $2,500,000 Loan to Value Ratio 75% Capitalization Rate 10.0% What is the cash available for distribution to the equity partners under each of the following scenarios? a) The property is sold. b) The property is refinanced
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
