In order to better understand a borrower’s probability of de…
In order to better understand a borrower’s probability of default, lenders have a number of tools at their disposal. The ratio that measures the percentage of the price (or value) of a property that is encumbered by the first mortgage is referred to as the:
Read DetailsOne of the main differences between residential mortgage loa…
One of the main differences between residential mortgage loans and permanent financing of commercial real estate lies in the allocation of liability in the case of default. In commercial real estate, a “bankruptcy remote” special-purpose entity is created that shields the actual borrower from personal liability. When a lender cannot lay claim to the personal assets of the defaulted borrower, this type of loan is commonly referred to as a(n):
Read DetailsThree of the same species of plant are each grown under a di…
Three of the same species of plant are each grown under a different colored light for the same amount of time. Plant A is grown under blue light, Plant B is grown under green light, and Plant C is grown under orangelight. Assuming the plants use only chlorophyll a and chlorophyll b for photosynthesis, what would be thepredicted order of the plants from most growth to least growth?
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