A presale agreement is said to be equivalent to a take-out, Finance Basics

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A presale agreement is said to be equivalent to a take-out

A presale agreement is said to be equivalent to a take-out commitment. What will the construction lender be concerned about if the developer plans to use such an agreement in lieu of a take-out?

Why don't permanent lenders usually provide construction loans to developers? Do construction lenders ever provide permanent loans to developers?

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Finance Basics: A presale agreement is said to be equivalent to a take-out

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Finance Basics: A presale agreement is said to be equivalent to a take-out

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