CREFC's E-Primer Series
CREFC's Data Center E-Primer is a complimentary e-book designed to give CRE finance professionals a foundational understanding of data centers — the asset class driving record securitization volumes and reshaping how the industry thinks about property valuation, underwriting, and risk.
Topics Covered:
- Understanding the Asset: What data centers are, how they generate revenue, and the three distinct business modelsn
- Market Dynamics and Key Players: Demand drivers, power constraints, and the competitive landscape
- Financing Evolution: From construction finance to the rapidly growing securitization market (ABS and CMBS structures
- How Agencies Analyze Data Center Risk: A side-by-side comparison of rating approaches
- Risks and Reality Checks: The bubble question, systemic risk, and technology disruption scenarios
- Strategic Consideration: For Lenders, Investors, and Developers
- Looking Forward: 2026 outlook and key metrics to monitor
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CREFC's CMBS E-Primer is a comprehensive educational resource in a convenient e-book format. It is intended to serve all participants in the US commercial mortgage-backed securities (CMBS) industry. This latest edition consolidates the writings of today’s leading CMBS experts into a unified primer on the creation of, investment in, and transaction of CMBS.
The CMBS E-Primer is broken down into the following chapters:
- An Overview of CMBS
- CMBS–History & Evolution
- Originating and Underwriting Commercial Mortgages for CMBS
- Structuring
- AAA Rated CMBS Securities
- Investing in Mezzanine CMBS
- Investing in CMBS Interest-Only (IO) Securities
- Investing in B-Piece CMBS
- Single Asset Single Borrower (SASB)
- CMBS Life Cycle and Administration—Origination Through Termination
- An Overview of the Taxation of REMICs
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CREFC's CRE CLO E-Primer is a comprehensive educational resource in a convenient e-book format. This online tool outlines the fundamental building blocks of commercial real estate collateralized loan obligations.
The CRE CLO E-Primer covers the following topics:
- An Introduction to the CRE CLO Market
- CRE CLO Collateral: The Building Blocks
- CRE CLO Structural Considerations
- Credit Analysis of CRE CLOs
- Parties to the Transaction and Process Step-by-Step
- The CRE CLO Investor Base and Relative Value Considerations
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CREFC’s Commercial Property Assessed Clean Energy (C-PACE) Primer provides an in-depth overview of the key features, stakeholders, and market trends associated with C-PACE financing, one of the tools used to drive sustainability and resiliency in the CRE sector.
Key topics include:
- Financing Mechanics: Understanding how C-PACE enables CRE owners to implement energy efficiency, renewable energy, and resiliency upgrades.
- Stakeholder Roles: A breakdown of responsibilities for property owners, mortgage lenders, legal counsel, and program administrators.
- Market Trends: Analysis of the growing C-PACE market, with over $7 billion in cumulative financing and nearly $2 billion in 2023 alone.
- Important Considerations: Insights into underwriting concerns, lease implications, and compatibility with CMBS transactions.
- Why it matters: As the CRE industry continues to prioritize sustainability, C-PACE financing is one avenue for property owners to enhance asset performance while meeting environmental and resiliency goals.
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The cornerstone of American housing, the multifamily rental housing industry encompasses a diverse range of households across the US.
This comprehensive online e-primer will provide you with an overview that will cover the following topics:
- An Overview of US Multifamily Lending
- Multifamily Housing Property Types
- Multifamily Loan Sources and Specialty Products
- Multifamily Loans Underwriting & Credit Risk
- An Overview of US Multifamily Servicing
- Securitization and Distribution
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