Which of the following loan type is most often used to provi…
Which of the following loan type is most often used to provide short-term financing for “transitional” properties (e.g., properties that are currently experiencing heightened vacancies or that need to be redeveloped or renovated before they can be stabilized)?
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 special-purpose, single asset, entity is typically created that shields the actual borrower(s) from personal liability. When a lender cannot lay claim to the personal assets of the defaulted borrower, the loan is commonly referred to as a:
Read DetailsSuppose an owner of a small industrial warehouse has an exis…
Suppose an owner of a small industrial warehouse has an existing interest-only, fixed-rate, mortgage loan with these terms: remaining balance of $800,000, interest rate of 4.5%, and remaining term of 5 years (monthly payments). The original loan term was 10 years and the original mortgage amount was $800,000. The payment on the existing interest-only loan is $3,000. This loan can be replaced by a new $800,000 interest-only monthly payment loan with an interest rate of 3.50% and a loan term of 5 years. The total up-front cost of the refinancing would be 4% of the current outstanding loan amount. This include a prepayment penalty. Assume the owner expects to sell the property five years from today whether she refinances now or not. What is the net present value of refinancing today (rounding to the nearest dollar)?
Read DetailsChris has been diagnosed with a malignant tumor in his lung….
Chris has been diagnosed with a malignant tumor in his lung. He went to the ED with ℅ shortness of breath (SOB) and pain in his chest. The doctors in the ED discovered that blood vessels in his lungs have burst due to inflammation, leading to blood in his pleural cavity. What is his condition called?
Read DetailsAn elderly woman found with a head injury on the floor of he…
An elderly woman found with a head injury on the floor of her home is subsequently admitted to the neurologic ICU. What is the best rationale for the following health care provider orders: elevate the HOB; keep the head in neutral alignment with no neck flexion or head rotation; avoid sharp hip flexion?
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