Question
You were the Common Equity Investor in an office building that was purchased for $1 million in 2006. You invested 100k, the preferred investor invested
Assuming all debt payments were made and were interest only so the balances staid the same while the property was owned how would the waterfall flow to each lender and investor?
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Available cash flow Net proceeds from selling the property 750000 Since interest only debt payments ...Get Instant Access to Expert-Tailored Solutions
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Probability & Statistics For Engineers & Scientists
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
7th Edition
9789813131279, 130415294, 9813131276, 978-0130415295
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