Commercial real estate restructuring revolution : strategies, tranche warfare, and prospects for recovery / Stephen B. Meister.

Format:

Book

Author/Creator:

Meister, Stephen B.

Series:

Wiley finance series.

Wiley finance

Language:

English

Subjects (All):

Commercial real estate--United States.

Commercial real estate.

Physical Description:

1 online resource (269 p.)

Edition:

1st ed.

Place of Publication:

Hoboken, N.J. : Wiley, 2011.

Language Note:

English

Summary:

"How to plan for the commercial real estate collapse Encompassing apartment, office, retail, hospitality, warehouse, manufacturing, and flex or R & D buildings, commercial real estate (CRE) investment in the U.S. totaled $6.4 trillion at the end of 2008. As noted in the February 2010 Congressional Oversight Panel Report, $1.4 trillion of CRE debt is coming due by 2014 and half of the CRE projects securing such debt are underwater. Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery looks at how we got into this mess-impacts of the housing crisis, debt structures, lender-borrower collusion, and bankruptcy abuses-and offers possible solutions to the CRE crisis. Along the way, author Stephen Meister: Discusses how CRE value losses are being driven by investors' risk adjusted cap rates, not just poorer market fundamentals. Discusses strategies and emerging trends in CRE foreclosures, including forced lender fundings, lender attempts to chill bids and UCC foreclosure tactics and pitfalls. Proposes legislative solutions and explains how any rebound will require federal spending cuts, a vast deleveraging and a market clearing process. With a crashing CRE debt market and the hundreds of CRE-heavy regional banks destined for failure, getting out ahead of the curve is essential. Commercial Real Estate Restructuring Revolution addresses how we got here and how you can plan for the impending crash"-- Provided by publisher.

Contents:

Commercial Real Estate Restructuring Revolution; Contents; Preface; Acknowledgments; CHAPTER 1: The Housing Bubble; CHAPTER 2: The Bubble Implodes; CHAPTER 3: Capital Markets Supporting U . S . Commercial Real Estate; CHAPTER 4: CRE Values and Loan Defaults; CHAPTER 5: Putting Off the Day of Reckoning; CHAPTER 6: Tranche Warfare; CHAPTER 7: Loans to Own and Chilling the Bid; CHAPTER 8: Funding Cessations and Extension Fights; CHAPTER 9: Bankruptcy Considerations; CHAPTER 10: Multifamily Market; CHAPTER 11: Governmental Actions Caused the Affordable Housing Crisis

CHAPTER 12: Governmental Reactions to the Housing Crisis CHAPTER 13: Assessing Blame for the Financial Crisis; CHAPTER 14: The Centerpiece for Real Reform; CHAPTER 15: Other Areas Requiring Reform; Notes; About the Author; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

9786612943874

9780470944301

0470944307

9781282943872

1282943871

9781118267677

1118267672

9780470944288

0470944285

OCLC:

702844624