Forward funding and the use of construction debt?

Hi all - wondering whether it's common practice to see forward funders / purchasers (i.e., pension funds, SWF, etc.) use construction debt to finance their payments made to the developer, and in effect, hard costs? If so, would debt funds and banks look at this similarly to a more standard construction project in terms of both pricing and security (since the land can still be made available for mortgage)?

Thanks

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