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Basic Question 4 of 6
The lender of a commercial loan may charge a default interest rate during the workout period so that the term of the loan is extended. The borrower can then try to arrange for refinancing or sell the property to pay off the balloon balance. The default interest rate is usually ______ the original contract rate.
B. lower than
C. the same as
A. higher than
B. lower than
C. the same as
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Learning Outcome Statements
describe characteristics and risks of commercial mortgage-backed securities
CFA® 2025 Level I Curriculum, Volume 4, Module 19.