Multiple Choice
Lending Institutions are most comfortable offering construction loans when the:
A) Loan is 100% personally guaranteed to be repaid by one of the owners
B) The loan-to-value ratio is no greater than 40% equity and 60% loan
C) The developer and general contractor are experienced hotel builders
D) The hotel will be franchised by a national hotel chain
E) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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