Question: As an alternative to gap financing, a developer may form a contract with a construction lender that ultimately makes the original construction lien inferior to

As an alternative to gap financing, a developer may form a

As an alternative to gap financing, a developer may form a contract with a construction lender that ultimately makes the original construction lien inferior to the lien securing a subsequent loan. This contract is more commonly referred to as: Multiple Choice O subordination agreement. take-out commitment loan. miniperm loan. floor loan

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