A unique, international approach to optimal real estate
financing
Property Finance is an authoritative guide to both the
financial and legal issues surrounding real estate financing.
Unique in its exclusive focus on the topic, this book builds from a
solid theoretical foundation to provide practical tools and
real-world solutions. Beginning with a discussion of the general
issues encountered in real estate finance from an international
perspective, the authors delve into country-specific information
and set out the legal peculiarities of eight important countries
(Germany, France, Italy, Spain, China, India, England and Wales) by
asking questions of relevance to the leading local law firms
specializing in real estate financing. The reader may thus consider
in greater depth the problems relating to any given country and
compare and contrast the positions under different legal
systems.
Examples with numerical calculations and contract excerpts
enhance the explanations presented, and are immediately followed by
practical case studies that illustrate the mechanisms at work. The
companion website features downloadable spreadsheets used in the
examples, power point presentations, as well as real estate news
and more.
Property financing entails many sources of capital, including
both debt and equity resources as well as hybrid forms like
preferred equity and mezzanine debt. Knowing how to work with these
avenues is important to ensuring financial sustainability in real
estate assets. Property Finance covers the most common
issues encountered, helping readers prepare for and find a way
around possible roadblocks.
* Consider the issues surrounding real estate lending at an
international level
* Compare and contrast the positions under different legal
systems
* Develop an international perspective on cash flows and
financing agreements
* Use powerful tools to structure financing and gauge its effects
on property financing
The success of a real estate investment is dependent upon
optimal financing, and a mere bird's eye view of the topic does not
fully prepare investors for issues ahead: Property Finance
provides a knowledge-based approach to real estate investment,
detailed information and powerful tools.
