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<br /> Interim loans are construction loans offered to borrowers with no fees and at 0%
<br /> interest. These loans bridge the gap between project construction and when the Trust issues
<br /> bonds. Instructions for interim loans are part of the Financing Agreement Package.
<br /> Added Value
<br /> Interim loans eliminate the need for issuing bond anticipation notes (BANs), which accrue interest and
<br /> come with additional fees.
<br /> Interim Loans BANs
<br /> No fees Fees
<br /> 0% interest Interest expense
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