In order to fill the void left by traditional conduits and CMBS funding sources, CFA has expanded its financing options for commercial real estate transactions with the launch of their transitional product line. Fundamentally similar to CMBS/conduit financing, CFA's transitional product line was established for properties with a value-added play that involves transitional properties, such as extraordinary vacancy levels, rehab, repositioning, or re-tenanting, which has no place within the CMBS structure.

The main difference between our transitional product line and CMBS comes down to flexibility and creative deal structure. Often, these loans are non-recourse that can be structured with greater pre-payment flexibility where the borrower is not locked in with expensive options such as defeasance or yield maintenance as the prepayment penalty. With the additional flexibility, CFA has created a much broader playing field when it comes to financing deals.