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Effective protective actions take into consideration1. both human and environmental physical determinants.2. technical elements.3. procedural factors.

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:

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)?

You are applying for a mortgage loan to finance the acquisition of an existing office building. NOI in the first year of operations is expected to be $1,000,000. You acquisition capitalization rate is 6.00%. A lender is offering a fixed rate, permanent balloon mortgage with a 10-year term. The annual contract interest rate is 4.00% and the amortization period used for the calculation of monthly payments is 30 years. This lender requires a minimum debt coverage ratio (DCR) of 1.25. What is the largest mortgage the borrower can obtain that does not violate the required minimum DCR?

Assume you have taken out a balloon mortgage loan for $2,500,000 to finance the purchase of a commercial property. The loan has a term of 5 years, but amortizes over 25 years. Calculate the balloon payment at maturity (Year 5), rounded to the nearest dollar, if the (annual) interest rate on this loan is 4.5%.

In some states, a broker may act as an agent for both the seller and the buyer (i.e., have a fiduciary obligation to both). This type of agency is termed:

Which type of home mortgage lender/originator is most sensitive to “pipeline risk?”

What is the term for the absence of a regular rhythm, meaning that the heart rate is either too fast, too slow or just irregular? 

Which cells are responsible for blood clotting?

What term means surgical removal of the spleen?