18-24.The purpose of an option is:
A) to exercise a lease on the property
B) to be able to purchase the land at a future time
C) to secure land without securing immediate financing
D) both b and c
Correct Answer:
Verified
Q24: 18-26.Raw land is acquired by two types
Q25: 18-32.The two types of impact fees are:
A)
Q26: 18-33.A developer that constructs and donates a
Q27: 18-28.Instead of buying land outright,many developers prefer:
A)
Q28: 18-34.The following are covered in a "construction
Q30: 18-23.From the lender's perspective,the major risk involves:
A)
Q31: 18-37.Raw land is acquired by two types
Q32: 18-22.For an ADC loan the lender's yield
Q33: 18-25.ADC financing is done primarily:
A) by institutions
Q34: 18-36.Loan-to-Value ratios for commercial projects are usually:
A)
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