What is kick-out right?
A B-piece buyer’s right, in many conduit CMBS transactions, to review the loan pool and object to or remove certain loans before the securitization closes.
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.