CRE CLO 101 2021- Part 3 | CRE Finance Council | 27 October 2021 | Webinar Event

This three-part live webinar series will provide the fundamental building blocks of commercial real estate collateralized loan obligations. Topics presented by leading industry experts include: what is a CRE CLO, history of the CRE CDO and how new issue CRE CLOs are vastly different, the spectrum of CRE CLOs, transaction structure and features, including collateral management variations, investment considerations, attractiveness, collateral structure, and more. At the conclusion of each webinar registrants will be able to ask questions. Please see each individual webinar registration page for a deeper dive into what that particular webinar will cover.

Part 3: Structure, Evolution, and Key Takeaways.

This final webinar in the series will discuss how CRE CLOs typically use a “debt-for-tax” structure, as opposed to a “real estate mortgage investment conduit,” or REMIC, tax structure. Details of this type of structure will be reviewed as well as a high-level comparison of the CRE CLO structure to pre-crisis CRE CDOs and CMBS and large-loan floaters. A comparison on static, lightly managed, and managed CRE CLO’s will be reviewed including the basic reinvestment criteria and the evolution of these CRE CLO transaction types post-crisis (2012 to present day). This webinar and series will end on the major key takeaways learners should know on CRE CLO’s. Registrants of this live webinar will then have time to ask the speakers questions.

2021 Speakers

Nitin Bhasin
Senior Managing Director, Kroll Bond Rating Agency, Inc.

Stewart McQueen,
Partner, Dechert, LLP

Shannon Stotts
Managing Director, Exantas Real Estate Funding