Chairman:

Nassar Hussain, Managing Partner, Brookland Partners LLP

Purpose:
This Working Group has been created to focus on industry guidelines for “best practices” for Class X notes and other similar excess spread instruments in existing CMBS transactions. The CRE Finance Council Europe welcomes investors, issuers and advisory firms to join open discussions on agreeing the best parameters for dealing with such instruments in loan and transaction restructurings and in severely underperforming transactions.