Multiple Choice
A permanent take-out commitment is:
A) A way to increase NOI for projects with large debt service obligations
B) An agreement by a lender to provide permanent financing for a property once construction is complete,provided all of the contingencies have been met.
C) Another term for a construction loan
D) The same thing as an acquisition and development loan
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Permanent funding commitments usually contain many funding
Q26: Construction loans provide the money to construct
Q27: Which of the following is one reason
Q28: The demand for retail space should be
Q29: ADL lenders recognize that too much of
Q30: In determining whether a project is commercially
Q31: Developers usually hold back about _ percent
Q32: One of the risks of project development
Q34: Interest on a construction loan is usually
Q35: In comparison to permanent financing,the rates and