Question
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
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 profit 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 for this
amount. What are two business structures can you use to obtain the remaining $40
million without getting debt?
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