Question: 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

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

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