Europe's first commercial real estate collateralized debt obligation deal appears "imminent," according to a Commercial Mortgage Securities Association executive's report from the recent CMSA European conference in Rome.Despite the collateral sourcing and prepayment-related challenges that the European CRE CDO market faces, a deal will likely be done before the end of the year, CMSA-Europe chairman Ronan Fox told MortgageWire. The CMSA-Europe chairman, a director in the London office of the Standard & Poor's structured finance group, said he could not disclose any more information about the pending transaction.
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