A $10 million real estate project has a 60% LTV loan. The developer will contribute 10% of the total equity and the investor group will provide the remainder. The investor group has an 8% preferred return and the developer has a 6% preferred return. What is the developer's preferred return (in dollars)? \begin{tabular}{c} $288,000 \\ $24,000 \\ \hline$200,000 \\ $20,000 \end{tabular} Question 5 A $10 million real estate project has a 60% LTV loan. The developer will contribute 10% of the total equity and the investor group will provide the remained. The investor group has an 8% preferre return and the developer has a 6% preferred return. Under normal circumstances, will the developer or the investor group recognize their preferred return first? They will split it 50/50. The developer. The investor group. Not enough information is provided. Question 6 The investor's burden of contributing a majority of the equity is compensated through while the developer contributing their expertise and skillset is compensated through Promoted Interest; Preferred Return. Preferred Return; Promoted Interest. Preferred Return; Lookback. Lookback; Preferred Return