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Lenders and equity investors are considered stakeholders in a real estate deal. Which of these participants is likely to demand the highest return on their

Lenders and equity investors are considered "stakeholders" in a real estate deal. Which of these participants is likely to demand the highest return on their investment?

a.

Senior lender

b.

Equity investor

c.

Mezzanine lender

d.

All would require approximately the same return on the same property

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