1. The financing plan for a development project can include commitments from lenders for:
A) construction loans.
B) stand-by or gap financing.
C) end loans.
D) all of the above.
2. Construction projects:
A) may involve custom building, where the builder starts construction before any ultimate users are identified.
B) may involve speculative construction, using plans and specifications provided by the ultimate users.
C) are often coordinated by a subcontractor, who enters into agreements with various general contractors who complete the different phases of the project.
D) are put out for bid, with the contract going to the lowest qualified bidder.