Question
The most common method of distributing (advancing) funds provided by a construction loan is a: Ch16 a. Single lump sum of money at the closing
The most common method of distributing (advancing) funds provided by a construction loan is a: Ch16
a. | Single lump sum of money at the closing of the loan | |
b. | Single lump sum of money at the end of the construction project to reimburse the developer for the project's expenses and fees | |
c. | Series of advances throughout the construction project to provide funds to the developer for anticipated future expenses in the upcoming period | |
d. | Series of advances throughout the construction project to provide funds to the developer for costs incurred since the previous advance |
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