A loan in which the lender has an option to purchase an equity interest in a property is known as a(n):
A)Participation loan
B)Accrual loan
C)Convertible loan
D)Percentage loan

Name: A loan in which the lender has an option to purchase an equity interest in a property is known as a(n): A)Participation loan B)Accrual loan C)Convertible loan D)Percentage loan
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Question

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A convertible loan is a type of loan where the lender has the option to convert the loan into an equity interest in the property.

A Loan in Which the Lender Has an Option to Purchase