1. What type of lien does preferred equity have on the underlying real estate?

2. How much does private equity comprise of the total U.S. CRE capital markets?

3. A low DSCR is the best predictor of a _________ during the loan term.

4. The participation agreement is the instrument tth governs the relationship between the(a) __________ holder and the (b) __________ holder of the first mortgage.

5. What is a REMIC?

6. What is the capitalization of the U.S. CRE public debt market?

7. The product of the loans probability of default and loss given default is the __________.

8. The pricing index is the same for both investment grade and non-investment grade bonds True or False?

9. In an A/B note structure there are ____ different holders of mortgage notes secured by the same mortgage.

10. Large loans are __________ creating mortgage notes of equal seniority that are then placed into different securitization.