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A loan in which the borrower arranges in advance with a mortgagee for a total amount that will be advanced, in stages, under the mortgage
A loan in which the borrower arranges in advance with a mortgagee for a total
amount that will be advanced, in stages, under the mortgage to meet the part
of the costs of construction as it progresses is a n
mortgage.
nonrecourse
openend
multistage
assumabke
subordinated
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