Center investor is considering investing in lifestyle center

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A shopping center investor is considering investing in a lifestyle center that she believes will provide $857,000 per year to cover payments on a mortgage loan secured by the property. After negotiating with the seller, our investor has a contract to purchase the property for $11.2 million. She has also negotiated with a mortgage lender who will approve a loan that requires monthly payments for 15 years at 6% interest, how much equity capital will our investor have to commit to this deal based on this information?

Reference no: EM131942928

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