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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 9
When construction costs exceed the amount of the construction loan, a developer frequently will seek to cover the "gap" with:
A) Additional equity
B) A land contract.
C) Mezzanine financing.
D) Advanced rent.
E) An option.
A) Additional equity
B) A land contract.
C) Mezzanine financing.
D) Advanced rent.
E) An option.
Explanation
Verified
Verified
Mezzanine Financing combines debt and eq...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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