Construction loans are used to finance the costs associated with erecting the building or buildings on a site. All of the following would be typical of a construction loan EXCEPT:
A) LTV ratios above 90 percent
B) Preleases with anchor tenants
C) Relatively short maturity length of one to three years that may also allow for time to construct and lease up the project
D) Personal liability
Correct Answer:
Verified
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