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Through an effective blend of theory and practice, this text examines the gears that drive residential and commercial real estate financial markets. It builds on strong finance principles to explain the history of real estate financial institutions, how they function, the legislation that impacts them, and new topics that have become vitally important since the subprime mortgage crisis. Contents: The Borrowing and Lending Kaleidoscope - Credit Instruments - Credit Procedures - Interest Rate Determinants - Capital Costs and the Incentive to Borrow - Sources and Uses of Real Estate Credit - Government’s Role in Mortgage Markets - Alternative Financing Methods and Products - Calculating Mortgage Values and Yields - Residential Borrowing and Lending Decisions - Problem Loans and Foreclosures - Development and Construction Financing
Title: Real Estate Finance, 3rd Edition (Paperback)...
Publisher: Dearborn Real Estate Education
Publication Date: 2012
Binding: paperback
Condition: As New
Edition: 3rd Edition