Maverick Real Estate Financing The Art of Raising Capital and Owning Properties Like Ross, Sanders and Carey

by Bergsman, Steve

• ISBN13: 9780471745877
• ISBN10: 0471745871
• Edition: 1st
• Format: Hardcover
• Copyright: 2006-03-31
• Publisher: Wiley

Summary

Praise for MAVERICK REAL ESTATE FINANCING "Once you start reading, you won't be able to put the book down. You will feel you are part of the deals that industry leaders have put together. This is a real book about real people and how they address risk and reward." -Bruce S. Schonbraun, Managing Partner The Schonbraun McCann Group LLP"Bergsman applies a journalist's logic to the complex world of commercial real estate, making it easier for outsiders to understand. He writes with the authority of a true insider." -Brannon Boswell, Managing Editor Shopping Centers Today"Congratulations. Finally, someone has written a book that reflects real estate finance in the twenty-first century. With the growing proliferation of real estate education in university business schools today, this book should be required reading!" -James D. Kuhn, President Newmark Knight FrankIn Maverick Real Estate Financing, Steve Bergsman-author of the widely acclaimed Maverick Real Estate Investing-describes the various financing methods you can use to achieve real estate investment success. Maverick Real Estate Financing also introduces you to an innovative group of real estate professionals who have used these methods to build substantial fortunes.By listening to some of the world's most successful real estate Mavericks-includingWilliam Sanders, W. P. Carey, and Stephen Ross-you'll discover what sets them apart from the rest of the pack and learn how to apply their proven principles to your own real estate deals.Each chapter examines a different real estate financing technique and the Maverick who best exemplifies it. Some of the strategies and products discussed include: Equity financing Public and private REITs Agency loans UPREITs Commingled capital Retail site arbitrage Conduit loans Sale-leasebacks Distressed mortgages Low-income housing tax credits (LIHTCs)

Author Biography

STEVE BERGSMAN is a nationally recognized financial and real estate writer. For more than twenty-five years, he has con-tributed to a range of magazines, newsletters, and wire services, including the New York Times, the Wall Street Journal, Financial World, U.S. Banker, Investment Dealers' Digest, and Reuters News Service. For the past twenty years, he has been a regular contributor to "The Ground Floor" real estate column in Barron's and has written for all the leading real estate industry publications, including National Real Estate Investor, Retail Traffic, Mortgage Banking, and Urban Land. Bergsman is the author of Maverick Real Estate Investing, also published by Wiley. </p>

Table of Contents

Introduction.

1. The Most Amazing Real Estate Company Ever—Again!

2. Real Estate Loans.

3. Agency Loans, an Easy Way to Finance Multifamily.

4. Giving It up for Equity Financing.

5. Retail Site Arbitrage.

6. Commingled Capital.

7. The REITs that Don’t Trade Publicly.

8. De-Stressing Distressed Mortgages.

9. Advantages and Disadvantages of the Conduit Loan.

10. Of REITS and UPREITs.

11. Turning Real Estate Into Capital.

12. A Very Useful Subsidy.

Endnotes.