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7) Cube Associates is growing rapidly and would like financing to purchase the manufacturing facility on the property adjacent to its current location, allowing it
7) Cube Associates is growing rapidly and would like financing to purchase the manufacturing facility on the property adjacent to its current location, allowing it to expand without having to move its existing operation. The business will be able to fund 40 percent of the purchase, and is asking your organization to finance the remaining 60 percent. Which credit facility would be most appropriate for this purpose?
A) Bridge loan B) Mortgage loan C) Reducing revolver D) Stand-by term loan
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