Contents
PART ONE
Overview of Real Estate Finance and
Investments
1 Real Estate Investment: Basic Legal
Concepts 1
2 Real Estate Financing: Notes and
Mortgages 16
PART TWO
Mortgage Loans
3 Mortgage Loan Foundations: The Time
Value of Money 42
4 Fixed Interest Rate Mortgage Loans 77
5 Adjustable and Floating Rate Mortgage
Loans 120
6 Mortgages: Additional Concepts, Analysis,
and Applications 148
PART THREE
Residential Housing
7 Single Family Housing: Pricing,
Investment, and Tax Considerations 183
8 Underwriting and Financing Residential
Properties 222
PART FOUR
Income-Producing Properties
9 Income-Producing Properties: Leases,
Rents, and the Market for Space 254
10 Valuation of Income Properties: Appraisal
and the Market for Capital 296
11 Investment Analysis and Taxation of
Income Properties 339
12 Financial Leverage and Financing
Alternatives 381
13 Risk Analysis 418
14 Disposition and Renovation of Income
Properties 449
15 Financing Corporate Real Estate 485
PART FIVE
Financing Real Estate Development
16 Financing Project Development 508
17 Financing Land Development
Projects 545
PART SIX
Alternative Real Estate Financing and
Investment Vehicles
18 Structuring Real Estate Investments:
Organizational Forms and Joint
Ventures 574
19 The Secondary Mortgage Market:
Pass-Through Securities 608
20 The Secondary Mortgage Market: CMOs
and Derivative Securities 635
21 Real Estate Investment Trusts (REITs) 678
22 Real Estate Investment Performance and
Portfolio Considerations 710
INDEX 739
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