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Which of these is a defining characteristic of CMBS conduit loans compared to bank loans? A . CMBS loans are recourse loans. B . CMBS

Which of these is a defining characteristic of CMBS conduit loans compared to bank loans?

.

CMBS loans are recourse loans.

.

CMBS loans are less standardized.

.

The terms of CMBS loans are more inflexible.

.

CMBS loans tend to have higher interest rates.

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