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Subordination levels in commercial mortgage-backed securities (CMBS), Working paper

By Xudong An and Yongheng Deng


We are indebted to Sally Gordon for offering helpful information and numerous constructive suggestions. We are also grateful to Dwight Jaffee, Tim Riddiough and Tony Sanders for helpful comments. Special thanks are due to Real Estate Research Institute (RERI) for its financial support

Year: 2007
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