More commercial real estate lenders turn to CLO product
Two commercial real estate CLOs are understood to be in the pipeline following a bumper deal from Prime Finance last week, in what has been a hot year for the asset class.
Prime Finance sold a $652m CLO, PFP 2017-4, with the triple-A rated 1.8 year senior notes priced at 88bp over Libor.
Ladder Capital and Benefit Street are also understood to be prepping new deals, according to a sell-side source.
The market for CRE CLOs has increased this
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