Question 37 (1 point) Listen A development budget consists of costs for Land, Design, Construction, Legal, interest and other that sub-total $4,00,000. There is a development loan that will provide 75% of costs, and the developer has access to $750,000 in equity. In order for this project to move forward, the developer will need to somehow Find a lending program of 80% of cost Redesign the project to save 5% of the cost Raise additional equity of at least $250,000 None of these options provide enough funds in loan and equity to equal all of the costs