Type IV securities are generally associated with which sector?

Type IV securities are typically associated with commercial real estate investment because they are structured to provide funding for the acquisition, development, or refinancing of income-producing properties. These securities often involve various real estate assets, including residential and commercial properties, which generate continuous cash flow through leases or rental agreements.

Investors in Type IV securities are often seeking returns derived from the underlying real estate cash flows, making them well-suited for those looking to invest specifically in the commercial real estate sector. This differentiation helps clarify why options related to corporate debt, government funding, and tax-exempt municipal liabilities do not align with the typical characteristics and intended use of Type IV securities.