APR

APR: Annual Percentage Rate in Relation to Commercial Real Estate

APR: Annual Percentage Rate in Relation to Commercial Real Estate

The Annual percentage rate or "APR" is the true interest rate that must be paid for a loan over the course of a year. Used to get a much better idea of the actual cost of a loan, APR is taken as the "true" interest rate because it accounts for all charges the borrower is responsible for