What is a standby commitment and when and why is it used

Reference no: EM131326639

1. What is a standby commitment? When and why is it used?

2. What is a mini-perm or bullet loan? When and why is this type of loan used?

3. Third-party lenders sometimes provide gap financing for project developments. Why is this lending used? How does it work?

Reference no: EM131326639

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