Michael Bourland, president of Bourland, needs to refinance two properties, an office building in southern New Hampshire and commercial real estate in Massachusetts. He is considering three options: resume bank mini-perm, 15-year mortgage from an insurance company, and the new securitized loans offered by the bank in Boston. The case focuses on the issues related to the securitization of mortgage loans, and how it stacks up against other products on the market. Also raises questions about the family real estate business. "Hide
by William J. Poorvu, John H. Vogel Jr. Source: Harvard Business School 18 pages. Publication Date: February 14, 1995. Prod. #: 395151-PDF-ENG
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