Given the following: Net Operating Income $900,000 Cost of Sale (Broker + Atty) 5% Current Loan...

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Given the following: Net Operating Income $900,000 Cost of Sale (Broker + Atty) 5% Current Loan Balance $2,000,000 Loan to Value Ratio Capitalization Rate 75% 7.5% 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. Given the following: Net Operating Income $900,000 Cost of Sale (Broker + Atty) 5% Current Loan Balance $2,000,000 Loan to Value Ratio Capitalization Rate 75% 7.5% 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.