Dhillon, Upinder; Sa-Aadu, J; Shilling, James D - In: The Journal of Real Estate Finance and Economics 12 (1996) 3, pp. 265-77
This article reports on the determinants of the ARM choice for commercial real estate projects. The theoretical literature suggests that commercial real estate projects are more likely to be financed with an adjustable-rate mortgage (ARM) if the project's income stream or value is expected to...