CDO Resurgence Could Meet Resistance From RE Investors
By Kaitlin Ugolik (January 23, 2013, 7:39 PM EST) -- A recent bump in demand for collateralized debt obligations has some experts predicting an onslaught of new deals in the coming months, but real estate attorneys caution that even with a more conservative structure, CDOs could be a hard sell with those still reeling from their role in the 2008 crash.
With about $1.3 trillion in commercial real estate debt set to mature by 2016 and many banks unwilling or unable to offer attractive refinancing, structured finance products like CDOs and collateralized loan obligations, which package loans of varying degrees of risk together in so-called tranches, have begun to regain their...
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