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Vista Tower developers score $700 million construction loan – some of the most expensive in the city with an average price of $1,150 per square foot. Wanda and Magellan also figured they would get better loan terms if they first completed their underground.
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B5-3.1-02: Conversion of Construction-to-Permanent Financing. – 5 days ago. Because the loan documents specify the terms of the permanent financing, the construction loan will automatically convert to a permanent.