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The largest portion ( % ) of a real estate transaction's capitalization comes from where? How has this percentage changed in the most current lending

The largest portion (%) of a real estate transaction's capitalization comes from where?
How has this percentage changed in the most current lending environment?
Is it true life companies originate the lowest risk loans?
Who are the taxable players in commercial real estate investments?
Who are the non-taxable players in commercial real estate investments? - Does this difference
of taxable/ nontaxable investor impact the market?
Why do mezzanine loans carry higher interest rates than senior loans? Explain that risk.
The terms positive leverage and negative leverage describe the effects of debt on cash returns.
What are the metrics used in determining positive or negative leverage?
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