1. Which of the following is required from a developer when financing a land development project? Group of answer choices

a. Required zoning changes

b. Bank references for the general contractor to be used on the project

c. All of the above

d. A detailed breakdown of project cost

2. In regards to construction loans, which one of the following is the most common way of disbursing the loan proceeds.

Group of answer choices

a. Single lump sum of money at the closing of the loan

b. Series of payments throughout the construction project to reimburse the developer for costs incurred since the previous payment

c. Series of payments throughout the construction project to reimburse the developer for anticipated expenses in the upcoming period

d. Single lump sum of money at the end of the construction project to reimburse the developer for the project's expenses and profit