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Red Rock would like to purchase an office building at the price of $ 3 6 . 8 million. The building has a cap rate

Red Rock would like to purchase an office building at the price of $36.8 million. The building has a cap rate of 9%.
To finance the purchase, Red Rock approaches Sitea bank for a mortgage.
Sitea bank offers a mortgage with a 5-year balloon and 30-year term at the interest rate of 10% p.a., compounded monthly.
Sitea requires LTV to be less than 65% and DSCR to be at least 1.5.
Red Rock needs to contribute at least $ ___ million of equity for the purchase.

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