Given the extended timeline for development finance cases, explain how real estate finance law and the legal documentation operate to protect the interests of the paramount mortgagee granting loan financing for a development project, up to the time separate titles to all the units are obtained.

(b) If, instead of buying a property under construction, a borrower company buys a unit that is already completed and leased out, what terms in the tenancy agreement would the mortgagee bank be most concerned about?

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a In real estate finance law legal documentation is crucial to protect the interests of the paramount mortgagee lender providing loan financing for a ... View the full answer