1. When loans in a CRE CLO pay off before their maturity, the overall financing becomes less expensive for the issuer

   True

   False

1. b 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

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

True

False

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

True

False