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A builder is offering $100,000 loans for her properties at 9% for 30 years (plain vanilla monthly CPM fully amortizing loan). Interest rates in the

A builder is offering $100,000 loans for her properties at 9% for 30 years (plain vanilla monthly CPM fully amortizing loan). Interest rates in the market are currently at 9.5% for the same loan. The property would normally sell for $110,000 without any special financing.

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