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The purchase price for an acquisition is $5,000,000. The buyer pays $15,000 for lender required reports, $10,000 to the title company for insurance and escrow,
The purchase price for an acquisition is $5,000,000. The buyer pays $15,000 for lender required reports, $10,000 to the title company for insurance and escrow, $40,000 to the lender for attorney and origination fee, and $60,000 to the accounting firm to raise LP equity. The seller provides a credit of $50,000 for property tax, and $25,000 for repairs. What are the total closing costs for this acquisition?
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