At Long Last, the CRE Market Has a Mezzanine-Loan Index

In a piece for CRE Finance World, Yardi Matrix Director of Research Paul Fiorilla touts the new Giliberto-Levy High-Yield Debt Index, also known as the G-L 2."Whether lenders have learned the lessons of the last cycle or will gradually write more aggressive loans is to be determined," Fiorilla writes. "Whatever happens, though, for the first time there will be a way to measure what happened and why, and the impact in the high-yield debt market."

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