Which of the following gives the lender an option to purchase a full or partial interest in the property at the end of some specified period of time:

Question

Quizplus · Accepted Answer

A convertible loan gives the lender the option to convert the loan into an ownership interest in the property at a specified time in the future. This can include the option to purchase a full or partial interest in the property. Options to purchase are not typically associated with sale lease backs, accrual loans, or interest-only loans.

Which of the Following Gives the Lender an Option to Purchase