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I/E Notes - Notations or comments made by the originator and/or lender to detail, explain, or otherwise comment on a specific income/expense line item.

Improvement Cost - If the Loan Purpose is Refinance, identifies the cost of the improvements (e.g. renovations, capital improvements) made to the property following the acquisition.

Improvements Made - If the Loan Purpose is Refinance, identifies the whether improvements (e.g. renovations, capital improvements) were made to the property following the acquisition.

Included Expense Reimbursement - Identifies that the cost of the associated item is include in the base rent.

Income Subsidized - Identifies whether any of the income to the property is subsidized; rents that are partly paid by the government (e.g. Section 8 residential subsidies).

Increase of Base Yr. Expense Reimbursement - Identifies that any cost of the associated item over the base year is paid by the lessee. The base year is the year upon which a direct expense escalation of rent is based.

Industrial - A general property type or building type classification characterized by its usage for industrial purposes. Subtypes include Warehouse Single-Tenant, Warehouse Multi-Tenant, Manufacturing, Research & Development, Flex Space, Light Industrial, Heavy Industrial, Other.

Industrial Property - A property used for light or heavy manufacturing or warehouse space. Property type also includes office/warehouse.
Industrial Surrounding land Use - Identifies the general land use of the surrounding and/or adjacent properties in comparison to the collateral property. Industrial uses include Warehouse Single-Tenant, Warehouse Multi-Tenant, Manufacturing, Research & Development, Flex Space, Light Industrial, Heavy Industrial, Other.

Industrial Tenant Type - Characterizes the tenant type based on usage of the leased area; Industrial usage generally includes most uses involving industrial purposes, such as factories, manufacturing, research and development.

Industrial w/Office Tenant Type - Characterizes the tenant type based on a combination of uses of the leased area.

Institutional Property - A property used by special institutions, such as a university, hospital or a government agency. Institutional properties may be similar to other property types; however, they are designed for a specific purpose and are difficult to adapt to other uses.

Insurance - Identifies the method by which the tenant is responsible for payment or reimbursement of Insurance.

Interest Accrual Method - The method by which interest is calculated through the loan term; options include Actual 360, Annual 365, 30/360, and Actual/Actual.

Interest Calculation Method - Identifies the interest rate calculation used to determine the loan results. Options include 30/360, Actual/360.

Interest Only Strip - When a mortgage interest rate exceeds the interest rate paid on the security backed by the mortgage, the excess interest is "stripped" and sold as an I/O strip; referred to as I/O Strip. The "strip" is usually described in the (notional) amount of the original security classes it was stripped from and then sold for pennies on the dollar basis. These are very volatile securities. As an example, if several loans prepay earlier than expected there many not be an interest stream to pay the interest on the "strips".

Interest Rate Cap - Limits the interest rate or the interest rate adjustment to a specified maximum. This protects the borrower from increasing interest rates.

Interest Rate Index - A published interest rate, such as the Prime Rate, LIBOR, Treasury Bill / Treasury Note rate, 11th District COFI, etc. Lenders use indexes to establish interest rates charged on mortgages or to compare investment returns. A final note rate typically includes an Index Yield plus a Spread.

Interest Rate Rounding - The method of rounding the components of or the final note interest rate; the rounding method returns a rounded interest rate; rounding is typically to the nearest 1/8th of one percent. Options include No Rounding and Nearest 1/8th.

Interest Rate Spread - The number of basis points over a base rate index; the difference between the rate at which money can be borrowed and the rate at which it is loaned. A final note rate typically includes an Index Yield plus a Spread.

Interest Rate Type - If the Loan Purpose is Refinance, identifies the interest rate type of the existing mortgage note.

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