Question
Consider a property with a market value of $825,000, selling costs of $41,250, and current loan balance of $325,000. The owner wishes to spend $200,000
Consider a property with a market value of $825,000, selling costs of $41,250, and current loan balance of $325,000. The owner wishes to spend $200,000 in CAPEX that will be financed with an additional new loan of $125,000.
What is the current equity?
Question options:
|
| $533,750 |
|
| $783,750 |
|
| $433,750 |
|
| $133,750 |
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
