What might equity owners be required to pledge for loan collateral?

1.     Which firm would go bankrupt if a project was completed but lost its tenant and sat vacant for several years: a) fee developer, b) at-risk developer, c) architect, d) real estate broker, or e) GC?

2.     Other than their personal homes, what might equity owners be required to pledge for loan collateral?

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3.     The developer’s pro forma continues to be modified and improved with increased accuracy throughout the development process. What other contractor-generated financial document and cost reporting process discussed earlier in this book improved accuracy throughout the course of construction?

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