Explain the cross-collateralization feature and its significance in a single-borrower / multiproperty CMBS transaction

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In a single-borrower/multi-property deal there is one borrower and multiple properties. Three key structural features in such deals are the cross collateralization feature, cross-default feature, and property release provisions. The cross-collateralization feature is a mechanism whereby the properties that collateralize the individual loans in the mortgage pool are pledged against each loan. Inclusion of this feature (along with the cross-default feature) assures that the principal and interest payments of all the properties are available to meet the obligations of all the loans.

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Which of the following organizational citizenship categories consists of people who make efficient use of work time and exert extra effort?

A. Civic virtue B. Sportsmanship C. Altruism D. Conscientiousness

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Once promoted to a manager position, the first people to build a relationship with are:

a. your direct manager and direct reports b. your direct manager and the board of directors c. your support staff and your direct manager d. your manager colleagues and the board of directors

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Convenience Mart, Inc., is a closely held corporation. Convenience Mart is

A. eligible to make public offerings of securities. B. exempt from filing a certificate of incorporation. C. generally allowed to restrict the transfer of its stock. D. taxed in the same manner as a partnership.

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Generally, income from an active trade or business is subject to the 3.8 percent net investment income tax.

Answer the following statement true (T) or false (F)

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