QUESTION 19 When loans in a CRE CLO pay off before their maturity, the overall financing becomes less expensive for the issuer True False

19b.

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

19c.

A bridge loan is a loan used for infrastructure improvements, such as roads, bridges, etc.

True

False 19d.

A bridge loan is a loan on a commercial property that is going through a transition that requires active management and investment

True

False