LIBOR: London Interbank Offered Rate
The London Interbank Offered Rate, or LIBOR, is the interest rate central banks in London are charged for short-term borrowing.
Floating Rates
Everything tagged Floating Rates in the Commercial Real Estate Glossary.
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Interest Rate Caps in Commercial Property Loans
An interest rate cap is used to limit the risk on a floating rate commercial property loan. A floating rate property loan has a variable interest rate…
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