After Construction Has Been Completed, a Developer May Decide to Seek

question 26

Multiple Choice

After construction has been completed, a developer may decide to seek additional financing. If current interest rates are relatively high, but the developer expects them to decline in the near future, the developer would most likely seek financing in the form of a:

• A) subordination agreement
• B) miniperm loan
• C) take-out commitment loan
• D) floor loan

---

Definitions:

P-Value

A probability that provides a measure of the evidence against the null hypothesis given by the sample. Smaller p-values indicate more evidence against H0. For a lower tail test, the p-value is the probability of obtaining a value for the test statistic as small as or smaller than that provided by the sample. For an upper tail test, the p-value is the probability of obtaining a value for the test statistic as large as or larger than that provided by the sample. For a two-tailed test, the p-value is the probability of obtaining a value for the test statistic at least as unlikely as or more unlikely than that provided by the sample.

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution or to a statistical calculation.

Data Table

A structured arrangement of data organized in rows and columns, which can be used for analysis or presentation.

Degrees of Freedom

The count of distinct values or numbers assignable to a statistical distribution.