Question: After construction has been completed, a developer may decide to seek additional financing. If current interest rates are relatively high, but the developer expects them
After construction has been completed, a developer may decide to seek additional financing. If current interest rates are relatively high, but the developer expects them to decline in the near future, the developer would most likely seek financing in the form of a:
A. Take-out commitment loan
B. Subordinate agreement
C. Floor plan
D. Miniperm loan
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