Finance
What is a 'conduit loan' or 'CMBS loan' in Delaware commercial real estate financing?
AA loan secured by a pipeline or utility conduit
BA commercial mortgage backed securities loan — a fixed-rate commercial mortgage that will be pooled with other loans and sold to investors as bonds✓ Correct
CA construction loan that channels funds through a conduit
DA loan from a commercial bank conduit program
Explanation
CMBS (Commercial Mortgage-Backed Securities) loans are fixed-rate commercial mortgages originated for sale into the secondary market, pooled together, and sold as bonds to investors. They offer competitive rates but have less flexibility than traditional commercial loans.
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