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You are a real estate developer in downtown Vancouver. There is a property in Vancouver you would like to purchase that will allow you to

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You are a real estate developer in downtown Vancouver. There is a property in Vancouver you would like to purchase that will allow you to build a 50 storey condominium building. The cost to purchase the property will be $10 M. To build and develop the condominium will be $80 million. However, once the building is completed and sold off, the total prot from the project will be over $200 million. You only have $50 million to buy and build the property which means you have a shortfall of $40 million. You did not want to get debt or loans from the bank or other parties. a) What are two business structures can you use to obtain the remaining $40 million without getting debt? Fully explain your answer (3 marks} b} Which option would you recommend that would allow you to maintain full control of the development project? Explain. Also explain the difference between a condo and a rental apartment building in your answer (2 mark)

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