Winter is surely coming. One might hope it will arrive without the sorcery, murder, mayhem and intrigue of that memorable HBO show, but surely it will be freighted by its own quantum of trauma and anxiety. Actually, what am I saying? Winter is coming? Winter is already here, but many have elected to not
The CRE CLO Repurposed: Part II
By Rick Jones on
I wrote about the disconnect between our CRE CLO technology and the task at hand (finding acceptable lever in an expanding leverage desert) in my last commentary. While the CRE CLO remains the best form of match-term, non-marked-to-market finance for portfolio lenders and represents the best alignment of interests between sponsor and investor across the…
My Hair Is Not on Fire…Yet
By Rick Jones on
I’m back from vacation in the English countryside, away from the hurly burly of life in our capital markets. While I tried hard not to obsess on the news whilst away, bad news has a way of slithering into your peripheral vision, doesn’t it (I stuck to the English papers which are great fun, and are way better than ours… “Emergency biscuits flow into UK due to national shortages”)?
Continue Reading My Hair Is Not on Fire…Yet
2019 Golden Turkey Awards
By Rick Jones on
As is our tradition here at Crunched Credit, each year, about this time, we award our Golden Turkey Awards. Once again, I must say that we are utterly blessed with so many worthy candidates. The truly deserving have once again wrangled with vision and astounding persistence to earn a spot on our acclaimed list. To…