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Red Rock Inc. would like to purchase a building called DC at $ 2 5 million. To finance the purchase, Red Rock approaches Sitea bank
Red Rock Inc. would like to purchase a building called DC at $ million.
To finance the purchase, Red Rock approaches Sitea bank for a mortgage.
Sitea allows LTV of at most $ and has no requirements on DSCR
If Red Rock borrows from Sitea, Red Rock needs to contribute at least $ million for the purchase.
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