An, Xudong; Deng, Yongheng; Gabriel, Stuart - In: The Journal of Real Estate Finance and Economics 38 (2009) 3, pp. 302-326
data from 1992–2003 to compare the pricing of conduit and portfolio loans held in CMBS structures. In contrast to portfolio … loans, which are held for investment by originating institutions, conduit loans are originated for the sole purpose of sale …