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9. An office building recently sold for $2,000,000 at a capitalization (cap) rate of 6%. If the building sold with a BTCF of $70,000 and
9. An office building recently sold for $2,000,000 at a capitalization (cap) rate of 6%. If the building sold with a BTCF of $70,000 and the owner was saving $10,000 for capital reserves, what was the annual debt service payment on the property? 10. What is the origination fee for a mortgage made on a house valued at $300,000 if the bank charges 2.5 discount points and makes their loan based on a loan-to-value ratio of .7
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