Question: In almost every CMBS securitization, there are a small number of ARD loans. Upon the ARD, hyperamortization and an increase of the interest rate become
In almost every CMBS securitization, there are a small number of ARD loans. Upon the ARD, hyperamortization and an increase of the interest rate become effective, yet they are requested by and are intended to be beneficial to the borrowers. In what way are these ARDs beneficial to the borrowers?
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