Matrix Bulletin-Mezzanine Debt-November 2021 November 30, 2021

First Study of High-Yield Debt Evaluates Performance

Usage of high-yield debt has increased in recent years, despite limited historical data and the high rate of defaults on mezzanine loans in the wake of the global financial crisis. A first-ever study of high-yield debt provides a glimpse into the sector’s performance and some insights for the real estate market going forward.