Question: Under a 75% LTV term loan structure, when is the balance of funds released by the lender to the vendor? Review Later Before the borrowers

Under a 75% LTV term loan structure, when is the balance of funds released by the lender to the vendor?

Review Later Before the borrowers equity contribution, after delivery of the asset to the borrower. After the borrowers equity contribution, before the delivery of the asset to the borrower. Before the borrowers equity contribution and the delivery of the asset. After the borrowers equity contribution, and preferably after the asset is in the borrowers possession

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