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Jessie next underwrites the retail development. Since all the retail spaces are preleased, she is willing to go up to 6 5 % LTC on

Jessie next underwrites the retail development. Since all the retail spaces are preleased, she is willing to go up to 65% LTC on the loan. How much is the community bank willing to lend on the development? Once the property is complete, the property will trade at a 6% cap rate, what will the LTV ratio be upon completion

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