A CRE CLO (Commercial Real Estate Collateralized Loan Obligation) is a type of loan product that is used to finance commercial real estate projects. It is a type of securitization, meaning that it pools together multiple loans into a single security that is then sold to investors. The loans are typically secured by the underlying real estate, and the terms of the loan are typically set for a period of three years. The loan size is typically around $24 million, and the interest rate is typically a floating rate.
For more information on CRE CLOs, please see this article from CommercialRealEstate.Loans.
It is important for borrowers to stay up to date on the latest changes in the CRE landscape. To do this, borrowers can use a Commercial Mortgage Alert to get better loan terms. For more information on this, please see this article from CommercialRealEstate.Loans.