GlobeSt.com: There's a great deal of confusion over what exactly structured finance is. Why is that?
Myatt: There's the global definition, what the street is trying to push on the market, and there's a more accurate description. What is being pushed is the B and C piece of the capital structure--either the mezz or subordinated position--so anything junior to the senior portion of the capital structure is what the market calls structured finance. But the reality is that every deal is structured. It's anything that isn't plain-vanilla senior debt--bridge or interim situations, equity pieces, mezz pieces and hybrid structures.
GlobeSt.com: And that clearly has a growing roll in the capital markets today, correct?
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
