A personal or corporate guarantee required by construction lenders committing that a development project will be completed on budget and on schedule. If the borrower defaults mid-construction, the gua
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A personal or corporate guarantee required by construction lenders committing that a development project will be completed on budget and on schedule. If the borrower defaults mid-construction, the guarantor is legally obligated to fund completion — making a completion guarantee a standard requirement in most Canadian construction financing arrangements.
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