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What is a developer loan?

Developer Loan means a loan obtained by the Developer from time to time which is secured by the Project and any Replacement Financing.

What is a developmental loan?

Development Loan means a Mortgage Loan obtained by a Borrower for the purpose of acquiring, carrying and engaging in pre-development and development activities with respect to real property prior to the construction of improvements thereon, which activities shall include, without limitation, engineering, zoning,

Is it easier to get a loan to build?

In general, it is harder to qualify for a construction loan than for a traditional mortgage. Most lenders require a credit score of at least 680 which is higher than what youd need for most conventional, VA, and FHA loans.

How does development financing work?

Development finance is the efforts of local communities to support, encourage and catalyze expansion through public and private investment in physical development, redevelopment and/or business and industry.

Who is the Minister of Housing in the Yukon?

Ranj Pillai | Yukon Legislative Assembly.

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