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Oh Sh*t, Commercial Real Estate CLO Loans Are Collapsing
After months of silence, a couple of critical developments from the beleaguered commercial real estate sector show up all at once. For the first time since the Global not-Financial Crisis, a senior tranche of a CLO took losses - a lot of losses - while redemptions threaten to force liquidations at one of the spaces more important CRE funds. Not good first signs for the bubble unwind.
Eurodollar University's Money & Macro Analysis
Bloomberg A Really Bad Sign for Commercial Real Estate…
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