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RAIT Investment Trust plots debut CDO: Novel transaction would be backed by small commercial real estate mezz and bridge loans

Though still a drop in the bucket relative to the overall CDO market, interest in commercial real estate-backed deals has picked up to the point that mezzanine lenders are now getting into the act. RAIT Investment Trust, a mortgage REIT formed in 1998 that specializes in small mezzanine loans,...

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