1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DIA [1.3K]
1 year ago
14

a type of long term permanent financing for residential construction or large construction projects, that replaces the construct

ion loan is called a (an)
Business
1 answer:
shepuryov [24]1 year ago
5 0

A type of long term permanent financing for residential construction or large construction projects, that replaces the construction loan is called a takeout loan.

<h3>What is a takeout loan?</h3>

A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan.

More specifically, a takeout loan, or takeout financing, is long-term financing that the lender promises to provide at a particular date or when particular criteria for completion of a project are met.

A take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan.

The take-out loan will replace interim financing, such as replacing a construction loan with a fixed-term mortgage.

If the take-out loan is used to finance a rental or income-generating property, the take-out lender may be entitled to a portion of the rents earned.

To learn more about take-out loan, refer

brainly.com/question/1415802

#SPJ4

You might be interested in
A portfolio is made up of stocks a, b, c, and d in the proportion of 20%, 30%, 25%, and 25% respectively. the nondiversifiable r
kow [346]

The portfolio beta would simply be the summation of the weighted average of each beta.

Where weighted average of each beta is calculated as:

Stock weighted average = Stock proportion * Individual beta

Therefore,

Stock A beta weighted average = 0.2 * 0.4 = 0.08

Stock B beta weighted average = 0.3 * 1.2 = 0.36

Stock C beta weighted average = 0.25 * 2.5 = 0.625

Stock D beta weighted average = 0.25 * 1.75 = 0.4375

The summation of all betas yield the overall portfolio beta:

Portfolio beta = 0.08 + 0.36 + 0.625 + 0.4375

<span>Portfolio beta = 1.5025 ~ 1.5</span>

4 0
3 years ago
A machine costing $450,000 with a four-year life and an estimated $30,000 salvage value is installed by Lux Company on January 1
Tasya [4]

Answer:

$112,500

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)  

Depreciation expense in year 1 = 2/4 x $450,000 = $225,000

Book value at the beginning of year 2 =  $450,000 - $225,000 =  $225,000

Depreciation expense in year 2 = 2/4 x $225,000 = $112,500

4 0
2 years ago
What is most likely to cause a rise in expenditure in an economy?
d1i1m1o1n [39]

Answer:

B

Explanation:

because b i think gimme vbucks

3 0
3 years ago
U.S. cola companies entered the global market because of:
STatiana [176]

Answer:

C. limited growth opportunities in their domestic market.

Explanation:

U.S. cola companies entered the global market because of limited growth opportunities in their domestic market.

6 0
3 years ago
Jeff got a part-time job delivering groceries for $15/hour and grossed $8,200
solniwko [45]

Answer:

Income = $8,200

Less:

Federal tax 10% = -$820

State tax at 5.5% = -$451

FICA at 7.65% = -$627.30

Total deduction = -$1,898.30

Net pay = $6,301.70

4 0
3 years ago
Other questions:
  • A stadium has two sponsorship deals. Deal A has revenue of $100,000 and expenses of $10,000. Deal B has revenue of $50,000 and e
    7·2 answers
  • The types of job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most
    5·1 answer
  • Adams Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sel
    7·1 answer
  • Ski Park Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciate
    8·2 answers
  • Stone and brick are substitutes in home construction. Consider the market for bricks depicted below. Suppose the price of stone
    10·2 answers
  • Which of the following management responsibilities often involves evaluating the results of operations against the​ budget?
    14·1 answer
  • One study of businesses maintains that many businesses are __________ flextime, job sharing, and paid family leave.
    13·1 answer
  • Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 fi
    13·1 answer
  • Determine whether each consequence of poor financial decisions is an initial consequence or a long-term
    7·2 answers
  • Summer Nights sells bottles of bug spray for $ 9.00 each. Variable costs are $ 4.00 per​ bottle, while fixed costs are $ 40 comm
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!