Typically used in Development Finance as well as Commercial Mortgages and Residential Mortgages and refers to the Pay Rate of the loan; i.e. a combination of Cost of Funds plus the Lender Margin, to get the Total Rate that applies to the Loan.
Typically used in Development Finance as well as Commercial Mortgages and Residential Mortgages and refers to the Pay Rate of the loan; i.e. a combination of Cost of Funds plus the Lender Margin, to get the Total Rate that applies to the Loan.