Finance
In Montana, 'participatory financing' for large commercial real estate developments may involve a lender who:
AParticipates only in losses, not profits
BReceives interest plus a share of the project's income, appreciation, or equity in addition to standard loan terms✓ Correct
CProvides financing without any security interest in the property
DCharges a below-market rate in exchange for community benefits
Explanation
Participatory (equity participation) financing involves a lender who receives standard loan interest plus a participation interest in the property's income (income kicker) or appreciation (equity kicker), aligning lender and borrower interests in the project's success.
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