Loan Mods & Purchasing Notes

Based on the most helpful WSO content, here are some resources that might be useful for educating oneself on loan modifications and the process of purchasing notes directly from banks in the context of commercial real estate:

1. Books on Distressed Management:

   • Buyout by Allen Michel and Israel Shaked: Covers the basics of distressed management.
   • Bankruptcy Investing by Ben Branch and Hugh Ray: Reviews the bankruptcy process and how to track companies for investment.
   • Leveraged Buyouts; a Practical Introductory Guide to LBO’s by David Pilger: A practical guide to leveraged buyouts.
   • Mergers and Acquisitions from A – Z by Andrew Sherman: Foundational book on M&A.
   • The Mergers and Acquisitions Handbook by Milton Rock: A collection of academic articles and papers on M&A.
   • Distressed Investing by Martin Whitman & Fernando Diz: Follows large companies through bankruptcy with attention to public equities and debt tranches.

2. Books on Private Debt/Mezz/Etc...:

   • A Pragmatist's Guide to Leveraged Finance by Bob Kricheff: Provides an overview of leveraged finance markets and concepts, though it is more qualitative.

3. General Resources:

   • Fixed Income Relative Value Analysis: Applying Principal Components Analysis to different fixed income areas.
   • Distressed Debt Analysis by Moyer: Valuable for anyone in high-yield debt.

These resources should provide a solid foundation for understanding loan modifications and the process of purchasing notes in commercial real estate.

Sources: Books on Distressed Management, https://www.wallstreetoasis.com/forum/asset-management/what-are-the-best-books-on-credit-investing?customgpt=1, Best resources to learn more about Finance & Investment Banking, What are your favorite restructuring resources?, Books on Private Debt/Mezz/Etc...