Question
1)In the case of a loan originated for securitization that allows for a mezzanine loan in the future , the Intercreditor Agreement governing the relationship
1)In the case of a loan originated for securitization that allows for a mezzanine loan in the future, the Intercreditor Agreement governing the relationship between the future Master Servicer and the future mezzanine lender is negotiated and executed (a) when, and (b) between what two parties?
(a)___________________________________________________________________
(b)___________________________________________________________________.
2)Each loan in the collateral pool is assigned an expected loss which is the product of that loan's_____________________________________________and_________________________________________________________________________________________.
3)Through the sequential-pay structure, CMBS deals concentrate or "squeeze" the aggregate expected losses of the pooled loans to ________________________________.
4)The X Class/IO Bond owner receives no principal, yet these securities are designated as being of a certain dollar amount.That dollar amount is referred to as the _____________________amount.
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