Posted on November 15, 2010.
The Handbook of Commercial Mortgage-Backed Securities Is A cornerstone reference in this Emerging Sector Of The structured finance market. This Second Edition Provides updated coverage of the Market, The Instruments, The Tools Used to Assess thesis securities, tax and accounting issues.
In addition to An Overview Of The Commercial Real Estate Finance and Commercial Property Market, this book aussi covers property-market framework for bond investors, The Role of the servicer, year investor's perspective is commercial mortgage-backed coupon strips, defaults are commercial mortgages, Assessing credit risk, an option approach "to valuation and risk analysis, legal perspectives on disclosure issues, and Federal Income Taxation.
Sebrina Thielemann says...
I am a newbie in the REIT field, I read this book with a view to understand the market better and to understand the basic concepts involved in this field. While I must say I did pick up some basic concepts I don't think I understand the market much better than before. The concepts I did pick up was not being explained in detail by the author but he was using those factors and parameters to explain why market behaved in a particular way during, say, the 1985-1990 period.
Now, this is certainly not the book for the beginner, certainly not the book for somebody who wants to analyze how profitable a REIT would be... the mathematical formulas used in the books might be useful for the ones setting up the REIT, but for others, it's certainly not worth the money.
Posted on November 22, 2010
