Which of the following is FALSE regarding a construction loan?
A) It usually has a lower rate than does permanent financing
B) It is also known as interim loan
C) Hard costs can usually be financed
D) The entire land cost can not usually be financed
Correct Answer:
Verified
Q22: Interest on a construction loan is usually
Q22: Mini-perm loans usually refer to financing:
A) At
Q23: Developers usually hold back about _ percent
Q23: In comparison to permanent financing, the rates
Q24: Besides an estimate of costs, a construction
Q26: Which of the following is NOT one
Q27: In the context of a lease,percentage rents
Q31: Why would a developer be willing to
Q34: Which of the following common contingencies is
Q35: The MOST common method of distributing funds
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