7. Which of the following statements are TRUE? A. Developers always utilize their own financial resources to cover all of the costs required to see a project though to its completion. B. A lender must always pursue an investment analysis in order to examine the validity of the assumptions made in the feasibility analysis. C. The qualifying process a loan underwriter must pursue in properly evaluating a development loan involves a much more comprehensive set of decision-making criteria than conventional loan underwriting. D. A marketability analysis studies the project's marketability under current or anticipated market conditions. (1) All of the above (2) Only A and B (3) Only C and D (4) Only A, C, and D Construction lenders: (1) typically authorize a loan amount that exceeds 80% of the anticipated market value of the project upon completion. (2) charge all borrowers the same rate. (3) are long-term lenders. (4) seek security from all of the different components that go into the real estate development process in order to minimize their exposure until the project's end value is realized