private debt funds

commercial banks

All of these

$3.$ from the borrower's perspective, what are risks of locking in a long$-$term fixed rate mortgage?

a$.$ Overpaying for the loan if interest rates fall during your loan term

b$.$ The loan coming due in an illiquid market

c$.$ Rates increasing dramatically upon maturity

d$.a$ & b

e$.$ All of these

$49.$ Long$-$Term fixed rate mortgage debt is generally:

a$.10-30$ years

b$.10-20$ years

c$.20-30$ years

d$.25-40$ years

e$.5-20$ years

$50.$ True or False: Most first mortgages are full$-$ or partial$-$recourse loans.

a$.$ True

b$.$ False

$51.$ Typical equity structures provide the general partner sponsor a promote in exchange for what expertise?

a$.$ Portfolio management and Asset selection

b$.$ Oversight of major capital improvements

c$.$ Lease up and refinancing decisions

d$.$ All of these

$52.$ What is the key to pursuing more aggressive investing strategies?

a$.$ A strong tolerance for short term weak performance

b$.$ A strong tolerance for long term weak performance

c$.$ A lot of money

d$.$ All of these

$8$