The history of real estate financing transactions has been characterized by continually increasing complexity, which reflects growing and sophisticated needs of borrowers, lenders, investors, and financial markets as well as a convergence with certain techniques drawn from the world of corporate finance. The course will begin with a review of basic mortgage finance and move on to a variety of more complex devices, involving both debt and equity techniques and comparing traditional financing methods with those used in more recent capital markets applications. We will examine various legal issues as they arise in the context of these evolving financing techniques and will compare and contrast the worlds of real estate and corporate finance. In examining various types of transactions, we will focus on their structures, especially the differing risks and rewards affecting borrowers, lenders, and other investors so as to understand how various financing techniques are utilized to meet changing economic needs and evolving markets.
The course materials include extensive documents drawn from actual transactions as well as case law and other literature. Financial sophistication and mathematical ability are not required.
Section Offerings for 2012-13
|L6922-001||12F||Real Estate Finance|
|S. Horowitz||MW 9:10 AM-10:30 AM||GRHL 304|
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