A partial release clause is typically associated with which type of mortgage?

A partial release clause is typically associated with a blanket mortgage because this type of mortgage covers multiple properties or multiple parcels of land. The partial release clause allows the borrower to request the release of one or more specific parcels from the mortgage, while still maintaining the remaining properties under the same mortgage agreement. This is particularly useful in real estate development, where a borrower might want to sell or refinance a particular property without affecting the overall loan secured by other properties included in the blanket mortgage.

In contrast, construction loans are primarily designed for financing the construction of a new property and often do not involve multiple parcels in the same way. Bridge loans serve as temporary financing to cover short-term cash flow needs and are less likely to involve a setup allowing for partial releases. Take-out loans provide permanent financing to pay off a short-term loan (like a construction loan) but do not typically include the same kind of multi-property release functionality as a blanket mortgage does.