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Your costs per buildable SF are Hard Costs of $70psf, Soft Costs of $20psf, and...

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Finance

Your costs per buildable SF are Hard Costs of $70psf, Soft Costs of $20psf, and Interest of $15psf. Build your construction budget and determine the following: 8. What is the maximum price you should pay for the Land (the residual value), assuming you want a 20% return and have to pay 3% in selling expenses? 9. If you manage to buy the land for $7,000,000, what would your loan amount be if you were limited to 70% Loan to Cost (LTC)?

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