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The following are ways that equity capital can be invested in a real estate development transaction: ( Select all that apply ) 1 . Sponsor,

The following are ways that equity capital can be invested in a real estate development transaction:

(

Select all that apply

)

1 .

Sponsor, then Partner, then Third Party Investor

2 .

Sponsor and Partner pari passu, then Third Party Investor

3 .

Sponsor, then Partner and Third Party Investor pari passu

4 .

Sponsor, Partner and Third Party Investor all pari passu

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