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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
النسخة 3الرقم المعياري الدولي: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
النسخة 3الرقم المعياري الدولي: 978-0073377322 تمرين 5
Which statement is incorrect concerning the typical construction loan
A) It is made by a bank.
B) The interest rate floats over either the prime rate or LIBOR.
C) The loan typically is for 80 percent or less of total construction costs.
D) The loan extends a few years after a certificate of occupancy is issued.
E) The loan is dispersed in stages, based on the level of completion or on actual invoices.
A) It is made by a bank.
B) The interest rate floats over either the prime rate or LIBOR.
C) The loan typically is for 80 percent or less of total construction costs.
D) The loan extends a few years after a certificate of occupancy is issued.
E) The loan is dispersed in stages, based on the level of completion or on actual invoices.
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A construction loan is a loan made on th...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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