The Return of the Loan: Commercial Mortgage Investing after the 2008 Financial Crisis

Kellogg School of Management Cases

ISSN: 2474-6568

Publication date: 20 January 2017

Abstract

After students have analyzed the case they will be able to:

  • –Learn how to construct promised cash flows from both commercial mortgages and commercial mortgage-backed securities

  • –Understand the benefits and costs of direct lending versus indirect lending (purchase of mortgage-backed bonds)

  • –Underwrite commercial mortgage loans issued by others to identify potentially hidden risks

  • –Evaluate at what price a mortgage-bond investment makes financial sense

Keywords

Citation

Furfine, C. and Fishbein, M. (2017), "The Return of the Loan: Commercial Mortgage Investing after the 2008 Financial Crisis", Kellogg School of Management Cases. https://doi.org/10.1108/case.kellogg.2016.000285

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Publisher

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Kellogg School of Management

Copyright © 2013, The Kellogg School of Management at Northwestern University

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