The view from Europe: financial institutions address troubled real estate-related assets
Article Abstract:
European countries, such as France and Spain, are experiencing financial crises due to the failure of real estate property markets. The said crises appear to be similar to the one experienced in the US in the early 1990s. The European crises share the same elements of US markets such as limited buyout financing, limited commercial mortgage backed securitizations, reduced sales activity, and a bleak market future. The situation presents a challenge for institutions to manage real estate portfolios, leaving them with options such as preserving the status quo, assertive asset management, and aggressive portfolio-level asset resolution through asset monitization techniques.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1997
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What real estate lenders should know about the millennium bug
Article Abstract:
The millennium bug affects real estate lenders in several ways including the incorrect calculation of loans, debt instruments and risk management, hedging and derivative software models. They can avoid these problems by investigating their mainframe and personal computers, contacting an agency specializing in solving the problem and gaining access to information on Y2K compliance. Several web sites that may be useful for lenders are listed.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1999
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Reducing the risks of construction lending
Article Abstract:
Construction lenders need to be diligent and vigilant in making and monitoring loans to avoid potential losses in a possible real estate recession. Lenders should realize that their long-term associations with their borrowers do not make them immune from losses. They should make sure that a borrower has made a permanent loan commitment and has forwarded the construction loan based on the execution of the loan agreement to avoid such risks.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1999
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