1. Which of the following versions of Commercial Mortgage Backed Securities (CMBS) exist?

Balloon CMBS

Private Label CMBS

GSE backed CMBS

Interest-Only CMBS

VA backed CMBS

2. Please explain briefly in your own words why mortgages by Life Insurances are often more beneficial for the borrower than the average of other loans?

3. Which of the following issues could make it more complicated to recoup a development/construction loan?

Developers could prove incapable of realizing the suggested project and be unable to repay the loan.

Development loans are always joined with equity deals, which makes it more likely that the bank prefers to write off the loan.

Outsize forces can make the realization of a project impossible. If the project is not finalized, the borrower will not be able to repay the loan.

Recourse to other assets held by the borrower is all but impossible.