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What is the annual incremental debt interest rate where. A property has a senior loan of $3,000,000 at a 4% interest rate. A 2 nd

What is the annual incremental debt interest rate where. A property has a senior loan of $3,000,000 at a 4% interest rate. A 2^nd lien of $500,000 at a 8% interest rate and an equity investment of $1,000,000.

Requiring a cumulative preferred return of 12%?

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