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Which of the following is not a potential benefit to the real estate developer from taking on debt as a source of capital for financing
Which of the following is not a potential benefit to the real estate developer from
taking on debt as a source of capital for financing new development?
Securitized debt can be the lowest cost squrce of capital
Leverage increases investment returns when cost of capital is less than the
unlevered project return
Tax deduction of interest payment
Debt may include restrictive covenants
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