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Which of the following statements is FALSE? A. Preferred equity is typically subordinate to mezzanine debt. B. Preferred equity typically requires a greater return, ex
Which of the following statements is FALSE?
A. Preferred equity is typically subordinate to mezzanine debt.
B. Preferred equity typically requires a greater return, ex ante, than the second mortgage loan position.
C. Preferred equity is typically secured by the real estate.
D. Preferred equity typically requires a greater return, ex ante, than the first mortgage loan position.
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