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FAQ Real Estate Dictionary L Land Leaseback
FAQ Real Estate Dictionary L Land Leaseback
Land Leaseback
- DATE ADDED:
- Tuesday, 07 April 2009
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ANSWER
A creative financing device often used with raw land which a developer wants to improve, in which the developer sells the land to an investor who leases the land back to the developer under a long-term net lease and subordinates his fee ownership to the lender providing development financing.