Journal of Property Finance: Volume 1 Issue 3


Table of contents

Investing in US Real Estate – A New Structure

Alan J. Pomerantz, Kevin Dolan

Discusses the current condition of the market for US real estatecaused by the decline in real estate values and the difficulties facedby US lenders. Discusses changes in…


Aspects of the Negotiation of an interest Rate Cap

David Nicholson

Gives background behind and reasons for an interest rate cap.Explains the negotiating process and the documentation. Cautions thatinterest rates may still be subject to…


What Goes Up Must Come Down!

James Morton‐Robertson

Defines a system as ultra‐stable, stable or catastrophic. Likensthe property market to a chaotic system. Claims that there are nocommonly available computer packages to…


Mortgage Indemnities – A Risk/Reward Arbitrage?

Matthew Wyles

Gives background to Commercial Mortgage Indemnity (CMI). Explainsthe concept and purpose of CMI. Explains: scope of cover, indemnities vsguarantees, “top slice” CMI, total…


Tendering Procedure and Construction in Europe – The Works Directive

Philip Webster

Explains the background behind the European Works Directive71/305/EEC as amended by 89/440/EEC. Provides an outline of someimportant features likely to have an affect on…


Housing Finance

Clive Soley

Criticizes government housing finance policy. Condemns refusal toapply controls to the housing market. Argues lack of control has led tohigh rents and mortgage payments…


Industrial Property Financing in Germany

Michael Gellen

Describes the industrial/commercial market in Germany. Discussessources, terms and conditions and security. Concludes that the buoyant,sophisticated German market makes…


The Valuation of Shares in an Unquoted Property Company – Part 2

John Falla

Concentrates on the actual evaluation of the unquoted company (seeprevious volume for part 1). Considers evaluation by selection ofcompanies with comparable activities…


Zero Coupon Syndicates and the Timing of Cash Distributions to Partnership Investors

Wayne R. Archer, J. Sa‐Aadu, James D. Shilling

Examines the practise of using zero coupon first mortgage notes toraise more capital than is needed to fund a particular real estatelimited partnership. Explains the…


The Receiver′s Duty of Care

Anthony Lavers

Considers recent case law to the effect that duties of care may beowed by those engaged in administration and sale of assets to peopleaffected by the outcome of their…


Traditional Property Financing in Germany

Kersten von Schenck

Describes who provides traditional financing in Germany. Discussesterms and collateral. Overviews the German Land Register.


Cost Control in Building Projects

Christopher J. Willis

Suggest ways of ensuring that financial liabilities can regularlybe transmitted from the design team to the building owner. Defines therole and responsibilities of a…



Rupert J. Clarke

Explores some causes of cash flow problems. Examines the types ofrefinancing that may be available in the current market. Concludes thatonly companies well prepared will…




Online date, start – end:

1990 – 1997

Copyright Holder:

Emerald Publishing Limited