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Terry contributed investment property worth $620,000 purchased 5 years ago for $287,500 cash to CP LLC...

Terry contributed investment property worth $620,000 purchased 5 years ago for $287,500 cash to CP LLC in exchange for an 70 percent profits and capital interest in the LLC. CP owes $482,500 to it's supplier but has no other debt.
What is Terry's tax basis in his LLC interest?
What is Terry's holding period?

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