Part Two of this series will begin with a
discussion of income and expenses (operating, non-recurring, etc). Faculty will
review the process for financing real estate, including promissory notes,
mortgages, assignment of leases and rents, and more. A discussion on loan
underwriting and valuation will lead into reviewing financing and leverage
(basic loan types, types of lenders, and basic mortgage loan terms). Lastly,
there will be a review of mortgage interest rates.
Shari Linnick is a Vice President in the Client Services group at Trepp, LLC as well as an Adjunct Professor of Capital Markets in the Master’s Degree program at NYU Schack Institute of Real Estate. She has more than 20 years of commercial real estate experience, including expertise in CMBS, real estate capital markets, financial analysis and investment, sales and leasing, and brokerage. Ms. Linnick is a past president and board member of New York Commercial Real Estate Women (NYCREW), the New York chapter of CREW Network. She was a mentor in the NYU Schack Institute of Real Estate Mentorship Program from 2006 to 2008, and has been part of the Young Alumni Leadership Circle since 2006. In addition, Ms. Linnick co-chaired the Women’s Real Estate Network (WREN) at the Schack Institute from 2005 to 2006, and has been on the Commercial Real Estate Finance Council (CREFC) Education Committee since 2013, including serving as Chairperson from 2014 to 2016. In 2012 she was named one of the Top Women in Real Estate by Sokol Media, Inc. Ms. Linnick holds a Master’s Degree in Real Estate Finance from the NYU Schack Real Estate Institute and a Bachelor of Musical Arts degree from the University of Michigan School of Music.
Joan Sapinsley has 35 years of commercial real estate, primarily debt, experience. Notably, she spent 15 years at TIAA, purchasing and structuring commercial mortgage backed securities (CMBS). She recently retired after 11 years at a mortgage REIT,Resource Capital Corp., where she was responsible for not only CMBS but also led its capital markets efforts. Joan was a board member and officer of CREFC, the trade organization for real estate finance, for many years including not only governance, but its DC lobbying efforts, and she was a founding member of its Women’s Initiative. Ms Sapinsley serves as an Adjunct Instructor at Fordham where she teaches a core course, Real Estate Capital Markets and a CMBS elective in its Master’s in Real Estate Program. She is also an Adjunct Lecturer at Baruch's Zicklin School of Business. She is on the Advisory Board of in the First Step Program, through which the Coalition for the Homeless provides job training to women seeking to re-enter the workforce and also currently serves as a mentor/job coach to women who are in the program. She is also Board Co Chair of the Community Word Project, a NYC program which trains and provides teaching artists to underserved city schools. Joan has an MBA in Real Estate and Finance from Columbia University and a BA from Oberlin College.