White Papers
In-depth analysis and educational resources covering interest rate hedging, defeasance, prepayment strategies, and market dynamics for commercial real estate borrowers.
What About Collars?
A collar is where a borrower buys a cap at a certain strike and sells back a floor to the bank helping offset the cost of the cap.
Collars
Collars 101
Sold as an alternative to caps, collars are appealing because they allow a borrower to obtain a ceiling on a floating rate without the upfront cost of a cap
Collars