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You have a building currently valued at $ 1 5 , 0 0 0 , 0 0 0 for which you seek a $ 1
You have a building currently valued at $ for which you seek a $mortgage year term with year balloon You are offered a SAM at where you mustalso pay the lender of the appreciation after years. For a annual inflation rate forthe building, and assuming you hold the building for years, what are your cash flows on theloan. What is the yield to the lender?
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