Skip to main content

Loans for Development


Which of the following types of loans is repaid as part of the selling price when a developer uses the loan proceeds to buy land, which is then subdivided and resold?
A. bridge loan
B. conventional mortgage
C. blanket loan
D. reverse mortgage




Answer is C. blanket loan.
A. is used to buy property and quickly start construction before approval of a long-term loan, in B. a fixed or variable interest rate is applied to borrowed money over a fixed period until the amortized payments are repaid, D. is not a development loan: a 62 year or older borrower is able to release equity in a principal residence with no payments required.
are-review.blogspot.com

Comments

Post a Comment

Try These Too!

Bolted connections

What is the minimum spacing of bolts specified by AISC? and preferred spacing? A. 1 1/4 times the diameter of the bolt; 2 times preferred B. 1 3/4 times the diameter of the bolt; 2 1/4 times preferred C. 2 1/3 times the diameter of the bolt; 2 2/3 times preferred D. 2 2/3 times the diameter of the bolt; 3 times preferred E. 3 times the diameter of the bolt; 3.25 times preferred
Post a Comment
See the answer »

Efficient columns

The radius of gyration in the Y-Y axis would be equal to that in the X-X axis in an ideally efficient column. Which of the following sections are most appropriate for both heavy loads and for which many beam connections will be necessary? A. pipe column B. square tube column C. wide-flange column D. C-shape channel E. WT shapes Answer C. wide-flange column. Pipe & square tube columns are more ideal shapes, but are appropriate for light to moderate loads. The radius of gyration of wide-flange shapes can be nearly or close to equal. ARE 4.0 exam prep: SS
Post a Comment
See the answer »

Imageability

Select 5 components that contribute to imageability , Lynch's concept that posits that a highly imageable city is readily understandable and distinct. A. districts B. social structure C. edge D. landmark E. nodes F. overlapping systems G. paths H. legibility Answer A, C, D, E, G are components that contribute to defining imageability. ARE 4.0 exam prep: PPP
Post a Comment
See the answer »