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Crunched Credit Blog

Articles: 11-20 of 168

The CRE CLO Unleashed

Global, United Kingdom - December 21 2021 Our fine little CRE CLO business has exploded over the past couple of years, hasn’t it? Last year, around this time, I recklessly predicted for my…

2021 Golden Turkeys

USA - November 22 2021 Welcome, dear reader, to our annual Golden Turkey Awards. But for my commitment to absolute fairness and concern over the appearance of impropriety…

LIBOR and SOFR: Welcome to a Two-Speed Market?

United Kingdom - October 28 2021 The Great Index Reformation is coming. (I note in passing that the last Reformation led to the 100 Years War…just saying.) This is a massive change…

Does A Red Carpet Full Of Black Swans Matter?

USA - September 26 2021 It’s coming up on awards season. The Emmys were last week and weirdly, I got a thought bubble about nominees in the Black Swan category, walking the…

SASB: The (Shotgun?) Marriage of Mortgage and Mezz

USA - August 10 2021 There’s a lot of reasons to structure a large loan destined for securitization as a mortgage in part and a mezzanine loan in part. Sometimes it’s…

It’s Time for The Industry to Engage on SOFR’s Voldemort Problem

USA - July 28 2021 It’s a rule around here that I don’t write on the same topic twice in a row because if you don’t get bored, I will. I am making an exception this…

The Powers That Be Are Rallying Around SOFR and That’s a Mistake

USA - July 15 2021 To my gentler readers, first an apology for this interregnum in publication. I’ve been sitting on this commentary like a hen on an egg for weeks. All…

Did the Distressed Debt Opportunity Slink by Me When I Wasn’t Looking?

USA - June 7 2021 I have spoken to a number of people over the past months who have raised money or built technology to take advantage of a broadly anticipated…

LIBOR’s Winter is Coming

United Kingdom - May 10 2021 God knows I’m as sick of LIBOR transition as you are and writing about it twice in quick succession is annoying, but I think necessary. Here’s the…

SOFR Transition: It’s Not Done Yet!

USA - April 25 2021 We’ve written before about our anxiety regarding the fact that SOFR does not really seem fit for purpose to support commercial mortgage lending or…