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3) Given the following: Net Operating Income Cost of Sale (Broker + Atty) Current Loan Balance Loan to Value Ratio Capitalization Rate $ 900,000 6%

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3) Given the following: Net Operating Income Cost of Sale (Broker + Atty) Current Loan Balance Loan to Value Ratio Capitalization Rate $ 900,000 6% $2,000,000 75% 9.5% What is the cash available for distribution to the equity partners under each of the following scenarios? a) The property is sold. b) The property is refinanced

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