SOFR: Secured Overnight Financing Rate
SOFR, or the secured overnight financing rate, is a rate tied to the cost of interbank Treasury repurchases. The rate has begun to replace LIBOR, or the London
LIBOR
Everything tagged LIBOR in the Commercial Real Estate Glossary.
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LIBOR: London Interbank Offered Rate
The London Interbank Offered Rate, or LIBOR, is the interest rate central banks in London are charged for short-term borrowing.
SOFR: Secured Overnight Financing Rate in Commercial Real Estate
Most commercial real estate loan interest rates are currently set by using the LIBOR (London Interbank Offered Rate) as a benchmark. LIBOR is calculated by meas
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