When Financing Land Development,the Lender Generally Requires the Developer to Submit

question 6

Multiple Choice

When financing land development,the lender generally requires the developer to submit which of the following?

• A)A detailed breakdown of project cost
• B)Required zoning changes
• C)Bank references for the general contractor to be used on the project
• D)All of the above

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Definitions:

Credit Policy

The guidelines a company follows to determine the creditworthiness of its customers and the terms of credit to offer.

Annual Demand

The total quantity of a product or service that consumers in a specific market want to purchase over the course of a year.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, and opportunity cost.

Order Costs

Expenses incurred when ordering and receiving goods, which may include costs related to processing, shipping, and handling.