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Casa Loma Development is progressing with the development of a 1 0 0 , 0 0 0 - sf mixed - use commercial building project

Casa Loma Development is progressing with the development of a 100,000-sf mixed-use commercial building project in Toronto and is currently in the financing phase. The project includes both retail and office units, and they have successfully secured a $50 million non-revolving loan for the endeavor. As part of the construction loan agreement, various Conditions Precedent have been stipulated. Which of the following Conditions Precedent is likely to be included in this agreement?
Question 23 options:
Minimum gross revenue generated by sale of retail and office units
Number of lease agreements signed with the retail and office tenants
Allowable number of hotel suite models allowed to be built
Number of firm sales of retail and office units

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