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Collateral Requirements :
  MHDF requires adequate collateral to guaranty the collection of its loans. Typical collateral requirements are:
 

 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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