In General,developers Must Get a Construction Loan Before They Can

question 6

True/False

In general,developers must get a construction loan before they can line up permanent (long-term)financing that will be used once the project is complete and being operated with tenants.

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Definitions:

Blindness Of Involvement

A situation where individuals or parties involved in a process or decision-making are unaware of their biases or the full implications of their actions.

Carrot-and-Stick Tactics

A method of persuasion or motivation that involves rewards (the carrot) and punishments (the stick).

Social Contract

The social contract is a theoretical agreement within a society that outlines mutual rights and responsibilities between individuals and their government.

Yesable Proposal

A suggestion or offer designed to be acceptable to the other party in a negotiation, making it easier for them to agree.