CMBS 101: Introduction to Commercial Mortgage-Backed Securities

Real Estate attorney William Xiong will present during a two-part webinar series hosted by the CRE Finance Council on the fundamentals and mechanics of commercial mortgage‑backed securities (CMBS), with sessions scheduled one week apart. Part 1 will introduce core concepts: definitions, market context, asset class role, mortgage loan features and pool aggregation, and the transaction life cycle. Part 2 will cover rating agency and B‑piece buyer processes, structuring and servicing standards, key CMBS documents and regulatory issues. Participants will strengthen their CMBS fundamentals, gain practical insights from industry professionals and leave with actionable guidance for deals and portfolio strategy.