Question
So called Permanent funding commitments (for funding of a permanent loan at a date in the future) usually contain many contingencies. All of the following
So called "Permanent" funding commitments (for funding of a permanent loan at a date in the future) usually contain many contingencies. All of the following are common contingencies EXCEPT: Ch16
| a. | Approval of detailed advances (draws) on the construction loan | |
| b. | Minimum rent-up requirements | |
| c. | Approval of major design changes | |
| d. | Time constraint to complete the project construction |
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
