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?
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?
