I. A first-time homeowner pays a down payment of $27,000 for a house that is funded by a bank loan of $55,000 and a junior debt of $13,000. After 2 years, due to a market downturn, the market value of the house falls to $76,000. If the lenders call back their loans, what is the value of the homeowners equity assuming no amortization of the loan?

Answer:

II. Match the alternatives

1. Commercial brokers (A, B, OR C?)

2. Building owners (A, B, OR C?)

3. Private deals (A, B, OR C?)

A. marketed/unmarketed deals

B. cold calling

C. relationships

III. Which are the key reports under a site analysis? (Answer all applicable)

- Building conditions

- Feasibility report

- Title search

- Appraisal report

Please answer ALL to I, II, III Thank you!!!!