Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Real Estate: Investment and Financial Strategy

Real Estate: Investment and Financial Strategy

Chinloy, P.

Hardcover

Series: Current Issues in Real Estate Finance and Economics, Book 1

AccountingInvesting & FinanceReal Estate

ISBN10: 0898382335
ISBN13: 9780898382334
Publisher: Springer Nature
Published: Sep 30 1988
Pages: 316
Weight: 1.47
Height: 0.88 Width: 6.00 Depth: 9.00
Language: English
This book has evolved from an interest in formalizing theories of real es- tate financing and investment. While real estate has characteristics of illi- quidity and heterogeneity, recent developments have created markets for financial claims on property assets. These financial claims render real es- tate similar to other assets. These financial claims render real estate similar to other assets. Yet real estate markets retain degrees of ineffi- ciency, suggesting possibilities for arbitrage opportunities. Such possi- bilities are examined in the book. If sellers are prohibited by statute from transferring existing financing to buyers, they tend to hold properties longer when contract interest rates on loans exceed those prevailing in the market. Methods are required to account for and measure the quantity of mortgage equity arising from such favorable financing. Holders of mortgage backed securities face risks on both sides of interest rate movements. Should interest rates fall, debtors refinance. If interest rates rise, debtors do not refinance, and the holders of mortgage backed securities suffer capital losses. Hedging strategies are re- quired. Mortgage warrants and option pricing mechanisms are discussed, and various equity unlocking mechanisms, such as collateralized mort- gage obligations.

1 different editions

Also available

Also in

Investing & Finance

View All