In this second of three on-demand videos faculty will begin with providing an overview of CRE (Commercial Real Estate) CLOs (collateralized loan obligations), their evolution and role in capital markets. Characteristics of the underlying collateral will be discussed, followed by a discussion on the credit analysis of CRE CLOs. This video will end with a comparison of CRE CLOs with other forms of CRE securitizations.
A review of the parties within a typical CRE CLO transaction will kick off this second of three live webinars. Key participants include: Sponsor, Arranger, Rating Agencies, Servicer and Special Servicer, and Collateral Manager. The CRE CLO collateral managers (and affiliates) take on several roles over the life of a transaction and these will be defined and discussed (ie Asset Originator, Distressed Loan Seller, Future Funding Obligor, etc). Pre and post-closing timelines will be discussed as well as investment considerations. Viewers of this live webinar will be able to ask the faculty questions following the end of the presentation.