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UW-Madison Student Team in Top Two at Debt Case Competition

Posted By Mandy Kaegy, Wisconsin Real Estate Alumni Association, Inc., Thursday, October 31, 2019
 

 

A team consisting of both MBA and BBA real estate students brought home second place from the 2019 CRE Financial Council Real Estate Debt Case Competition in New York, New York on Tuesday, October 29th. 

Evan Gorder (MBA 2021), Carolyn Kane (MBA 2021), William Han (BA 2020), and Michal Von Schledorn (BA 2020) excelled among a formidable field of 12 of the top real estate programs in the country, including UNC Chapel Hill (1st Place), Wharton, Yale, Columbia and Rutgers.

  

The team developed a refinancing proposal for their bank's underwriting committee for an office and industrial property in Chicago, IL.  Their proposal included underwriting of cash flows (lease by lease analysis), determining lender risks, mitigation strategy for risk with covenants and terms, balancing borrower desire for max cashout while generating appropriate risk-adjusted returns for the bank. 

 

“This is our first time participating in a debt competition, which makes this achievement truly extraordinary.” said team faculty advisor Arif Qureshi. “The team prepared methodically in the week prior to the case, worked tirelessly for 7 days, gave an outstanding presentation and were excellent ambassadors of the UW-real estate program.  They embodied the key components of a successful debt underwriting team, working well together under stressful conditions and demonstrating the ability to make decisions without ego.”

 

The team was able to add this competition to the roster thanks to a generous donation from David Kim of the Bascom Group.

 

Congratulations to Arif and the team!

 

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