Yazan: RECI | 01 March 1991 | No Comments
Categories: Education
Key underwriting variables reviewed including values, pricing, term, debt coverage and amortization. The variable discussions based on an update of “The Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 February 1991 | No Comments
Categories: Education
A fundamental guide to sizing real estate equities for income properties. Based on updated criteria per the “The Guide to Real Estate Capital Markets” published in 1983 and 1989.
Yazan: RECI | 01 December 1990 | No Comments
Categories: Education
An broad overview of construction lending options based on updated information from “The Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 November 1990 | No Comments
Categories: Education
When non-depreciable assets may be contributed to a venture, a less known hybrid funding format may be practical –the Land Sale/Leaseback. Unlike joint ventures and participating/convertible mortgages, land (whether subordinated or not) becomes the pillar of forming other debt and equity terms.
The land sale-leaseback is a hybrid structure funded as a multi-tiered real estate transaction [...]
Yazan: RECI | 01 October 1990 | No Comments
Categories: Education
Participating and Convertible Mortgages are popular funding ventures among lenders and developers for raising funds based on sharing upside. Each of these structures are discussed as follows:
Participating Mortgages
Structured as pure debt, participating mortgages provide added profits to the funding sources in the form of participation over and above the first mortgage base rate. Often called [...]
Yazan: RECI | 01 September 1990 | No Comments
Categories: Education
The most popular method of raising equity beyond a simple partnership is a joint venture. The joint venture assumes many formats of equity ownership including participating debt, unleveraged equity and highly sophisticated partnerships delving beyond simple profit participations and risk distributions. Joint ventures normally include developers and investment funds — a blend of real estate [...]
Yazan: RECI | 01 June 1990 | No Comments
Categories: Education
Subordinate loans reviewed as applied to income-property capital markets. The review features an update of “The Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 May 1990 | No Comments
Categories: Education
A rudimentary review of income-property capital markets based on interim debt. The review is taken from an update of “The Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 April 1990 | No Comments
Categories: Education
A elementary introduction to income-property capital markets, focusing on floating-rate permanent loans. The summary is based upon updated information from “The Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 March 1990 | No Comments
Categories: Education
An elementary discussion of income-property, fixed-rate permanent debt. This updated discussion is taken from the “Guide to Real Estate Capital Markets” originally published in 1983 and 1989.
Yazan: RECI | 01 February 1990 | No Comments
Categories: Education
A basic introduction to income-property capital markets with a focus on real estate equities. The summary is based upon an update of the “Guide to Real Estate Capital Markets” originally published in 1983 and 1989.