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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SOLUTION If a developer plans to use a presale agreement as a means to repay the construction loan the construction lender would typically be concerne...View the full answer
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Related Book For
Real Estate Finance And Investments
ISBN: 9781259919688
16th Edition
Authors: William Brueggeman, Jeffrey Fisher
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