Mezzanine financing and the intercreditor agreement: can we just get along?
Article Abstract:
The conditions under which a mezzanine loan could be appropriate are considered. Attention is also given to issues related to negotiating a Subordination Agreement. It may be advisable for the borrower to supply its potential Senior Lender with a form of subordination agreement to which the Junior Lender has agreed previously.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2000
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Commercial mortgage loan securitizations and bond insurance
Article Abstract:
It is possible to attract investors to offerings of commercial mortgage-backed securities through a bond insurance company, or 'monoline,' guaranteeing interest and principal payments on one or more of the classes of mortgage-backed securities offered to investors. Issues that arise in monoline transactions are discussed.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2000
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Flashpoints: why CMBS B-piece investors kick out loans
Article Abstract:
It has become increasingly common for B-piece investors to insist on the removal of certain mortgages from the collateral pool before securitization. It is argued that this practice can be beneficial for the CMBS market as a whole as long as B-piece investors behave responsibly.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 2000
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