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 squarefoot 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 breakeven occupancy ratio. The question arises whether this financing plan is viable given that the lender's breakeven occupancy ratio stands at
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