Securities backed by pools of commercial mortgages, sold to investors on secondary markets. CMBS financing enables non-recourse lending for large commercial properties, with loan terms and conditions
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Securities backed by pools of commercial mortgages, sold to investors on secondary markets. CMBS financing enables non-recourse lending for large commercial properties, with loan terms and conditions governed by bondholders rather than a traditional lender — making them less flexible but often accessible for larger Canadian commercial real estate transactions.
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