The transaction is being referred to as a “resecuritization” in deal documents seen by Bloomberg. : (Bloomberg) -- Wall Street’s alchemists are at it again, this time spinning supposedly safe investments out of the pandemic-stricken market in commercial real estate. In a maneuver that recalls the complex home mortgage investments in the mid-2000s, Cerberus Capital Management has used relatively low-quality commercial mortgage bonds to create triple-A debt. Although the investment firm didn’t invent these securities, it’s selling them at a moment when the property market is being clobbered by the pandemic.