Question 35 (1.3 points) Listen You are the project monitor for a house project in Toronto. You have been provided with the following progress data for the project. What would be the certified loan advance for Draw 2? Project Financing Project Name Estimated Property Value Total Construction Cost Loan-to-value (LTV) Ratio Progress Draw Schedule Draw 1 Draw 2 Draw 3 Draw 4 Draw ABC House $1,000,000 $700,000 70.0% % Completion to Date 30% 50% 80% 100% $108,000 $161,000 $126,000 $144,000

Question 35 (1.3 points) Listen You are the project monitor for a house project in Toronto. You have been provided with the following progress data for the project. What would be the certified loan advance for Draw 2? Project Financing Project Name Estimated Property Value Total Construction Cost Loan-to-value (LTV) Ratio Progress Draw Schedule Draw 1 Draw 2 Draw 3 Draw 4 Draw ABC House $1,000,000 $700,000 70.0% % Completion to Date 30% 50% 80% 100% $108,000 $161,000 $126,000 $144,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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