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    <title>Conduit.loans Notes</title>
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    <description>Free CMBS conduit loan sizer and yield maintenance and defeasance calculator on live Treasury yields, with defaults from 2026 SEC filings.</description>
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      <title>How to read a conduit loan's prepayment string</title>
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      <pubDate>Sat, 24 Oct 2026 00:00:00 GMT</pubDate>
      <description>L(24),D(92),O(4) tells you when you can pay off a conduit loan and what it costs. How to read the code, with examples from a 2026 CMBS prospectus.</description>
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