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You invest in an apartment deal as a 2% equity partner. Loan is 65% LTV, interest-only for 10 years. The apartment investment is purchased for

You invest in an apartment deal as a 2% equity partner. Loan is 65% LTV, interest-only for 10 years. The apartment investment is purchased for $40m and sold 7 years later for $62m. What is your investment amount? What is your share of the proceeds?

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