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Developers may obtain a single, short-term mortgage loan from an interim lender that provides financing for the construction period, the lease-up period, and for several
Developers may obtain a single, short-term mortgage loan from an interim lender that provides financing for the construction period, the lease-up period, and for several years beyond the lease-up stage. This loan type is more commonly referred to as a: Multiple Choice miniperm loan. bullet loan, participation loan. mezzanine loan
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
