A Permanent Take-Out Commitment Is

question 33

Multiple Choice

A permanent take-out commitment is:

• A)A way to increase NOI for projects with large debt service obligations
• B)An agreement by a lender to provide permanent financing for a property once construction is complete,provided all of the contingencies have been met.
• C)Another term for a construction loan
• D)The same thing as an acquisition and development loan

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Definitions:

Psychoanalytic Theorist

A psychologist who studies and uses the theories and methods of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Preschooler

A child typically between the ages of 3 and 5 years old who is in the developmental stage before entering formal schooling.

Psychosocial Stage

Stages of psychological and social development postulated by Erik Erikson, through which an individual progresses throughout their lifetime.

Identity Versus Identity Confusion

Erikson’s fifth developmental stage, which individuals experience during the adolescent years. At this time, adolescents examine who they are, what they are all about, and where they are going in life.