What is conduit CMBS?
A CMBS deal pooling many loans diversified across property types, borrowers, and geographies. The benefit is diversification; the drawback is underwriting an entire pool that mixes weaker and stronger assets.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.