Question: Casa Loma Development is currently in negotiations for a development loan for a 2 5 0 , 0 0 0 - square - foot apartment

Casa Loma Development is currently in negotiations for a development loan for a 250,000-square-foot apartment building project in Toronto. Additionally, they are engaged in preparing project financing underwriting calculations for different financing scenarios. One of these scenarios indicates an 80.25% breakeven occupancy ratio. The question arises whether this financing plan is viable given that the lender's breakeven occupancy ratio stands at 85%.
Question 29 options:
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