Question: Land development loans are somewhat different than typical development financing for vertical development (buildings). Which one of the following highlights a key difference? Ch17 a.

Land development loans are somewhat different than typical development financing for vertical development (buildings). Which one of the following highlights a key difference? Ch17

a. Land development loans often experience partial prepayments before they are fully drawn

b. Land development loans are funded over time via draws

c. Land development loans are usually floating rate interest loans

d. Land development loans require a market analysis as part of underwriting process

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