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Andy Stone's creative ideas are bearing fruit

Published Thursday, January 01, 1998

As head of Credit Suisse First Boston's real estate department, high-flying transactions have become Andy Stone's trademark. Rob Maguire, one of Southern California's most high-profile real estate developers, needed a financial backer to pull off his purchase of MGM Studios. It was a big deal, but conventional money wanted nothing to do with it. Enter Andy Stone, head of Credit Suisse First Boston's real estate department. He lent Maguire 100% of the purchase price because he felt the purchase option was undervalued, then the loan was split in three pieces -- a senior mortgage was securitizable and put ...

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