The Father of CMBS Talks Origin Stories, Great Recession and Today's Distress
Oct 16, 2023•30 min
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Episode description
In the early '90s, Ethan Penner pioneered the commercial mortgage-backed security. Thirty years later, the father of CMBS breaks down the investment product's origin story, the writing on the wall before the Great Recession and the CRE downturn of today.
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