Learn how the secondary mortgage market and the securitization process convert pools of illiquid commercial real estate instruments into liquid commercial mortgage-backed securities (CMBS) for the benefit of borrowers, lenders, and investors. Topics covered in this course include the history of the commercial banking industry; loan package requirements; the due diligence process, including appraisal, engineering and environmental reports, underwriting, and pricing; risk issues; rating agency and loan tranching; loan documents and negotiation strategies; defeasance language; CMBS investors; and asset management and servicing.


For general information about this course, please call 212-992-3336 or email sps.realestate@nyu.edu.

If you are registered for an online course and are not able to access/view your course in Brightspace, please note the following:

• It may take at least 24 hours from the time you registered for your information to be transferred into Brightspace.
• New students registering two days or LESS before the start date of the course may experience delayed access.

For additional technical support, contact the IT Service Desk (available 24/7/365) at 212-998-3333 or AskITS@nyu.edu.
Continuing Education Units (CEU) : 2

You'll walk away with

• An understanding of how the securitization process works
• The skills to convert commercial loans on property into tranches

Ideal for

• Real estate owners and investors
• Real estate investment and development professionals