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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 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 cap rate, what will the LTV ratio be upon completion
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