A presale agreement is said to be equivalent to take-out funding that may be used to repay

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A presale agreement is said to be equivalent to take-out funding that may be used to repay the construction loan. What will the construction lender be concerned about if the developer plans to use such an agreement?

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Real Estate Finance And Investments

ISBN: 9781259919688

16th Edition

Authors: William Brueggeman, Jeffrey Fisher

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