10/12/2024
Distress Rate Hits All-time High of 13.1% for CRE CLOs. -Data courtesy of CRED IQ
So CLOs are Collateralized Loan Obligations. They're short term which means this is referring to a bridge loan pools backing as collateral for those short term bonds. The default rate has spiked again. For simple speak, this spells buying opportunities. By nature, a very large portion of that CRE will be Multi Family assets.