Multiple Choice
18-47.A separate agreement whereby a lender makes a commitment to make a loan in exchange for a fee is referred to as a(n) :
A) construction loan commitment
B) impact fee
C) land acquisition loan
D) cost recovery fee
Correct Answer:
Verified
Correct Answer:
Verified
Q13: The most likely reason for different lenders
Q14: 18-34.The following are covered in a "construction
Q15: 18-46.When improvements in the infrastructure are financed
Q16: 18-33.A developer that constructs and donates a
Q17: 18-40.In order to develop a parcel of
Q19: 18-24.The purpose of an option is:<br>A) to
Q20: 18-20.Construction loan provisions:<br>A) ensure the availability of
Q21: 18-16.The process whereby a developer agrees to
Q22: 18-31.The city or county where the development
Q23: Land loans will seldom exceed:<br>A) 70-80% of