What Term Applies to the Use of Third-Party Financing That

question 12

Multiple Choice

What term applies to the use of third-party financing that is used between funding advanced by the permanent lender and funds needed to repay the construction loan?

• A) Interim Loan
• B) Mini-perm financing
• C) Gap financing
• D) Partial financing

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Definitions:

Social Networking

Activities performed using social software tools (e.g., blogging) or social networking features (e.g., media sharing).

Social Computing

Refers to the use of computational devices to facilitate or enhance social interactions, involving the study and design of systems that support social behavior.

Customers

People or organizations that buy products or services from a company.

Snapcash

A digital payment service that allows users to transfer money through the Snapchat app, discontinued as of its service end.