How to Borrower $50,000,000: The Commercial Mortgage Underwriting Process
When applied to commercial real estate debt, underwriting is a term used to describe the process a mortgage originator goes through when deciding whether or not to issue credit to a borrower. Financing commercial real estate is a completely different game than residential mortgage financing, and knowing how the process works will most certainly work […]
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life.
I just finished the book Thinking Strategically: the competitive edge in business, politics, and everyday life by Avinash K. Dixit and Barry J. Nalebuff. It is the single best narrative (non-math) introduction to game theory that I have ever read. Here is the epilogue from part I, which paints the big picture incredibly well:
“A game […]