Short-term lending to support the construction of homes,apartments,office buildings,shopping centers,and other permanent structures is known as a (or an):

Question

Quizplus · Accepted Answer

Interim construction loan is the short-term lending option used to support the construction of homes, apartments, office buildings, shopping centers, and other permanent structures. It is designed to provide the necessary funding for construction until the project is completed, and long-term financing can be obtained. Therefore, the most appropriate choice is C. The other options are not relevant to this context.

Short-Term Lending to Support the Construction of Homes,apartments,office Buildings,shopping Centers,and