The majority of financing for the acquisition of land for development is most likely to come from which of the following parties?
A) Developer
B) Banks
C) Pooled equity of a limited liability corporation (LLC)
D) Insurance companies

Question

Quizplus · Accepted Answer

Pooled equity of a limited liability corporation (LLC) is commonly used to finance land acquisition for development, as it allows multiple investors to pool their resources and share the risks and rewards.

The Majority of Financing for the Acquisition of Land for Development