A developer is building a Data Centre in Longeuil, Quebec. She has already negociated a lease with one operator, who will take up the entire building. finished.

Lease, financing and market data are shown below.

a$)$ Based on the budget, calculate the oustanding construction loan at the end of construction.

b$)$ The developer plans to take$-$out a mortgage at the end of construction, when the lease starts. How much equity will she be able to withdra

Please make your calculations to the right of the data on this worksheet.

Please print your assignment and hand in by the March $25$th class

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