I need some help with Rate Spreads, with respect as to when you use the rate spread and when you do not.
Am I correct in not using a rate spread when the loan is to a business entity when the property is for rental, etc?
I have not been using the rate spread on these. These are written up on commercial paper and do not have APR's
How about a loan to an individual, written on consumer paper with APR calculations, where the property is being used for rental, etc.? Do I use the Rate Spread information on this or do I show as N/A because the property is being rented out?
I really dislike this Rate Spread Stuff!!!
Thanks