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Question
The most common method of distributing the funds provided by a construction loan is:A. asingle lump sum of money at the closing of the loan.
B. asingle lump sum of money at the end of the construction project to reimburse the developer for the project's expenses and profit.
C. aseries of payments throughout the construction project to reimburse the developer for costs incurred since the previous payment.
D. aseries of payments throughout the construction project to reimburse the developer for anticipated expenses in the upcoming period.
Answer
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