This is the broker that the property developers require us to use though...
Is that legal? I've yelled down the phone at these developer types many times before when they've tried to hard-sell me their crap off-market mortgages with their in-house broker. They all seem to bump up their return a couple of points by making a cute little spread on the credit side of the deal that doesn't reflect fair risk premia.
Is that legal? I've yelled down the phone at these developer types many times before when they've tried to hard-sell me their crap off-market mortgages with their in-house broker. They all seem to bump up their return a couple of points by making a cute little spread on the credit side of the deal that doesn't reflect fair risk premia.