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Lease, financing and market data are shown below. a ) Based on the budget, calculate the oustanding construction loan at the end of construction. b

Lease, financing and market data are shown below.

)

Based on the budget, calculate the oustanding construction loan at the end of construction.

)

The developer plans to take

-

out a mortgage at the end of construction, when the lease starts. How much equity will she be able to withdraw?

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