Prima Capital Advisors has securitized an unusual portfolio of $301.3 million of commercial real estate holdings, according to Moody’s Investors Service.

Moody’s classifies the deal as a commercial real estate collateralized loan obligation (CRE-CLO). This structure is often used by non-bank lenders such as real estate investment trusts to effectively borrow against loans in their portfolios. The properties ultimately backing CRE-CLOs are often being rehabbed or in transition from one kind of use to another.

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