Profile of Sam Zell in the New Yorker
There is a great article of Sam Zell in the New Yorker. Zell, who built and later sold the giant office REIT Equity Office Properties Trust shares many insights into his life. One of my favorites is his humor:
“Sam was the rainmaker, and Bob was the one that took care of all the messes Sam made,’ […]
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 […]