Introduction to Commercial Mortgage Backed Securities
| Member Price | $0.00 |
| Non-Member Price | $399.00 |
About the Event
Join MBA Education and industry experts for a discussion that will help you gain a clear understanding of how Commercial Mortgage-Backed Securities (CMBS) function within today’s capital markets. This course explores the evolution of CMBS, how loans are pooled and securitized, and how payment waterfalls, tranching, and credit ratings define investor risk and return. Participants will learn how underwriting, servicing, and risk retention interact to support liquidity and credit performance across the market.
Attendees will also examine key metrics such as Debt Service Coverage Ratio (DSCR), Loan-to-Value (LTV), and Debt Yield, while exploring the roles of master and special servicers within the Pooling and Servicing Agreement (PSA) framework. By the end, participants will understand how CMBS structures drive financing opportunities, investment diversity, and stability in the broader commercial real estate ecosystem.
Date/Time:
- Wednesday, April 8 (2:00 PM - 3:30 PM ET)
Objectives:
- Explain the concept of securitization and its role in financial markets
- Describe the basic structure of CMBSs and outline the reasons for their use
- Examine the key components of loan terms and underwriting processes
- Identify and explain the roles of trustees, servicers, B-piece investors, and rating agencies
Target Audience:
- Junior Analysts
- Underwriters
- Servicers
- Loan Closers
- Individuals seeking a career in commercial real estate
Speaker(s):
- Dan Phelan, CMB, CCMS, CRI, CEO & Principal, Pacific Southwest Realty Services
- Pat Sargent, Esq., Partner, Alston & Bird, LLP