QUESTION 20

1. 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

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

   True

   False

10 points

QUESTION 22

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

   True

   False