What term applies to third-party financing that is used between funds advanced by the permanent lender and funds needed to repay the construction loan?
A) Interim loan
B) Mini-perm financing
C) Gap financing
D) Partial financing
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What term applies to third-party financing that is used between funds advanced by the permanent lender and funds needed to repay the construction loan?
A) Interim loan
B) Mini-perm financing
C) Gap financing
D) Partial financing