Loans made under the assumption that markets will turn around are referred to as spec loans.
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Q13: A bullet loan is a construction loan
Q14: Lenders typically finance the development of a
Q15: One of the risks of project development
Q16: Permanent financing commitments usually allow the lender
Q17: Generally,as the cost of a site increases,so
Q19: Which of the following is a "soft
Q20: A standby commitment differs from a permanent
Q21: What term applies to third-party financing that
Q22: Interest on a construction loan is usually
Q23: Developers usually hold back about _ percent
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