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An Historical Fable

May 26, 2000
Rich Berg and Brad Bonga

In 1989, the owner of a small commercial real estate firm in Chicago was in the business of buying office buildings and hotels and financing them with a first mortgage, second mortgage and limited partnership equity. The owner controlled approximately 200 million dollars worth of real estate and his personal net worth from these properties was estimated to be in the 25-30 million dollar range..

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