You are a Real Eutate dewioper bwilling a sunall office tower in Montreal. The construction will take one year and the units have all been pre-leased. The stabilized Nol at opening will be $250,000 and comparable cap rater are 6%. The construction lender is willing to finance the project baved on the terms and conditions shown below. a) Based on the budget, calcutate the oustanding construction loan at the end of the year. b) How much equity will you be able to withdraw at the ent of the construxtion period if you take-out a mortgage with the terms and consitions shown belos? Please make your calculations to the "right of the data and rent roll" on thin worksheet. Uplosd your file onto Moodle by the deadline indicated on the course outline