Construction Loan Notes. These are sold to provide project construction financing until permanent financing can be secured. After successful completion and acceptance of the project, it may receive permanent financing through public agencies, such as the Federal Housing Administration.
Appears in 5 contracts
Samples: Statement of Additional Information (Oppenheimer New York Municipal Fund), Statement of Additional Information (Oppenheimer Multi-State Municipal Trust), Statement of Additional Information (Oppenheimer California Municipal Fund)
