A bullet loan is a construction loan that,in effect,becomes permanent financing when construction is complete.
Correct Answer:
Verified
Q8: In general,developers must get a construction loan
Q9: Which of the following is the usual
Q10: Q11: A permanent take-out commitment is: Q12: Holdbacks are used by construction lenders to 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 Q18: Loans made under the assumption that markets
A)A way to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents