Predevelopment loans: Guaranty from an entity or person with the financial stability to back up the guaranty obligations.
Construction and Land/Infrastructure loans: Lien on the real property, most often in first position.
Gap financing loans: Depending upon the loan, acceptable collateral may be a guaranty or a subordinated lien position on the property.
Permanent loans: Lien on the real property, most often in first position.
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