Question
QUESTION 1 CRE CDOs were primarily vehicles for issuers to monetize assets and achieve arbitrage True False 10 points QUESTION 2 CRE CLOs are primarily
QUESTION 1
-
CRE CDOs were primarily vehicles for issuers to monetize assets and achieve arbitrage
True
False
10 points
QUESTION 2
-
CRE CLOs are primarily vehicles for issuers to monetize assets and achieve arbitrage
True
False
10 points
QUESTION 3
-
CRE CDOs were used to finance assets
True
False
10 points
QUESTION 4
-
CRE CLOs are used to finance assets
True
False
10 points
QUESTION 5
-
Warehouse lines often contain recourse to the borrower; CRE CDOs do not
True
False
10 points
QUESTION 6
-
CRE CDOs often contain recourse to the issuer; warehouse lines do not
True
False
10 points
QUESTION 7
-
CRE CDOs did not have transparent reporting to investors disclosing changes in the pool
True
False
10 points
QUESTION 8
-
CRE CLOs do not have transparent reporting to investors disclosing changes in the pool
True
False
10 points
QUESTION 9
-
CRE CLOs often contain CMBS bonds, bridge loans, re-securitizations of REMICs, and mezzanine debt.
True
False
10 points
QUESTION 10
-
CRE CDOs often contained CMBS bonds, bridge loans, re-securitizations of REMICs, and mezzanine debt.
True
False
10 points
QUESTION 11
-
CRE CLOs can be static or managed
True
False
10 points
QUESTION 12
-
CRE CDOs were static or managed
True
False
10 points
QUESTION 13
-
Future fundings of loans in CRE CLOs are used to add size to an existing CRE CLO
True
False
10 points
QUESTION 14
-
Future fundings of loans in CRE CLOs are used to replace loans that are paid off
True
False
10 points
QUESTION 15
-
The addition of a future funding to an existing CRE CLO is intended to increase the average life of the deal
True
False
10 points
QUESTION 16
-
The addition of a future funding to an existing CRE CLO is intended to maintain the average life of the deal
True
False
10 points
QUESTION 17
-
The addition of a future funding to an existing CRE CLO is intended to decrease the average life of the deal
True
False
10 points
QUESTION 18
-
When loans in a CRE CLO pay off before their maturity, the overall financing becomes more expensive for the issuer
True
False
10 points
QUESTION 19
-
When loans in a CRE CLO pay off before their maturity, the overall financing becomes less expensive for the issuer
True
False
10 points
QUESTION 20
-
Appraisal reductions, IC and OC tests can be used in a CRE CLO to cut off interest payments to the junior bond and change control to more senior classes
True
False
10 points
QUESTION 21
-
A bridge loan is a loan used for infrastructure improvements, such as roads, bridges, etc.
True
False
10 points
QUESTION 22
-
A bridge loan is a loan on a commercial property that is going through a transition that requires active management and investment
True
False
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