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You have been asked to make a construction loan agreement for a lender client of the firm. The lender wants the maximum protection against problems
You have been asked to make a construction loan
agreement for a lender client of the firm. The lender
wants the maximum protection against problems
as they disburse the loan proceeds. In drafting the
construction loan agreement, what requirements would
you add for the disbursement of the loan proceeds
during construction?
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