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Given the following: Net Operating Income $ 900,000 Cost of Sale (Broker + Atty) 6% Current Loan Balance $2,000,000 Loan to Value Ratio 75% Capitalization

Given the following:

Net Operating Income $ 900,000

Cost of Sale (Broker + Atty) 6%

Current Loan Balance $2,000,000

Loan to Value Ratio 75%

Capitalization Rate 9.5%

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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