Forty Hectares and a Mule (and $7,000,000)

An abandoned mining town in British Columbia is for sale, complete with two rec centers, a hospital, and houses. Now all it needs is some residents.

So what is 5% of 7,000,000? I am trying to figure out the APR to see if this is a viable option for Emily and me. The expected selling price is expected to be in the 7 million dollar range.

Let's see... we have about seven months worth of equity in our house, I am refinishing the deck, and Emily just put up new blinds. Any chance we can parlay all that into the town of Kitsault?

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