Question

The MOST common method of distributing funds provided by a construction loan is a:Single lump sum of money at the closing of the loanSingle lump sum of money at the end of the construction project to reimburse the developer for the project's expenses and profitSeries of payments throughout the construction project to reimburse the developer for costs incurred since the previous paymentSeries of payments throughout the construction project to reimburse the developer for anticipated expenses in the upcoming period

Answer 1

Series of payments throughout the construction project to reimburse the developer for costs incurred since the previous payment

Step-by-step explanation:

The common method for allocating the funds that are given by the construction loan is that the payment series via the constuction project in order to reimbursed it for the developer as the cost is spend because of the last payment made

Therefore as per the given situtation, the third option is correct