A presale agreement is said to be equivalent to atake-out commitment. What will the construction lender be

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A presale agreement is said to be equivalent to atake-out commitment. What will the construction lender be concerned about if the developer plans to use such an agreement in lieu of a take-out?

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Real Estate Finance And Investments

ISBN: 9780073524719

13th Edition

Authors: William Brueggeman, Jeffrey Fisher

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