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Kate Hemphill, a loan officer with First National Bank, is considering financing the purchase of an existing medical office building for a large orthopedic medical
Kate Hemphill, a loan officer with First National Bank, is considering financing the purchase of an existing medical office building for a large orthopedic medical practice. Kate has been the practice's relationship manager for several years. The medical practice will move into the main floor of the building and occupy approximately 40 percent of the building space. The remaining 60 percent is currently leased to a number of other, smaller medical practices. Kate spent her morning reviewing market information on population density and demographics within 10 miles of the building, its proximity of the building to major hospitals, etc. What step in the commercial real estate lending process does this represent? O Repayment assessment O Opportunity assessment O Global financial support assessment O Borrower/Management assessment
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