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<title>Abstract</title> Prepayment penalties are ubiquitous in the commercial mortgage market yet reviled and highly restricted by law and regulation in the residential mortgage market. Considering the perspectives of both the borrower and the lender, we attempt a balanced cost‐benefit analysis of this...
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This study examines the feasibility of constructing reliable commercial property price indices using property tax records. We employ the Clapp and Giacotto (Journal of American Statistical Association, 87(418), 300–306, <CitationRef CitationID="CR2">1992</CitationRef>) assessed-value method to estimate price indices for commercial...</citationref>
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