In addition to an overview of the historical background of commercial real estate finance and commercial property markets, this reference provides an up-to-date examination of evolving GAP principles for users and investors in CMBS. It then moves on to give a framework for risk and relative value analysis of CMBS and an option-based approach to valuing details and prepayment risk in CMBS. Additional topics include: performing financial due diligence associated with commercial mortgage securitization; legal perspectives on disclosure on the bond structure of CMBS; and federal income taxation of RELICS and CMBS.
- ISBN10 1883249112
- ISBN13 9781883249113
- Publish Date 1 January 1997
- Publish Status Active
- Out of Print 17 May 2000
- Publish Country US
- Publisher McGraw-Hill Education - Europe
- Imprint Brown (William C.) Co ,U.S.
- Format Hardcover
- Pages 300
- Language English