Hot Coals

Hot Coals

by Steve Banegas

Someone said that you can walk across a bed of smoldering red hot coals and not burn your feet!

In fact, this practice of walking across hot coals has been a favorite pastime exercise of various motivational speakers for decades. Sounds like a cool thing to do, right? That is, until you take that walk across those hot coals and end up burning your feet so bad you end up in the hospital. You ask yourself why you did what you did and what the heck happened! Actually, this recently happened and was a big news headline.

Reminds me of certain CMBS loans where many owners of such debt thought it was a good idea to obtain a CMBS loan, never really paying attention to the “fine” print or specific language within their loan docs. Language which could cost them millions when time to pay off at maturity. Now that’s what I call being seriously burned. Whether educating yourself on the practice of hot coal walking or obtaining CMBS debt, educate yourself and come to understand those loan docs so you don’t end up in your personal ER having been truly burned.