| HBS Case Collection
(Revised from original version)
Bourland Companies, The
Michael Bourland, the president of the Bourland Companies, needs to refinance two properties, an office building in southern New Hampshire and a retail property in Massachusetts. He is considering three alternatives: a renewal of a bank mini-perm, a 15-year mortgage from an insurance company, and a new securitized loan offered by the Bank of Boston. The case focuses on issues related to mortgage securitization and how it stacks up against other products in the market. Also raises issues about family real estate businesses.
Keywords: Capital Markets;
Real Estate Industry;
North and Central America;
Poorvu, William J., and John H. Vogel Jr. "Bourland Companies, The." Harvard Business School Case 395-151, September 1995. (Revised from original February 1995 version.)