The Handbook of Commercial Mortgage-Backed Securities

In addition to an overview of the historical background of commercial real estate finance and commercial property markets, this reference provides an up-to-date examination of evolving GAAP Principles for issuers of and investors in CMBS. The Handbook of Commercial Mortgage-Backed Securities provides a framework for risk and relative value analysis of CMBS and an option-based approach to valuing default and prepayment risk in CMBS. Additional topics include: Performing financial due diligence associated with commercial mortgage securitization; Legal perspectives on disclosure on the bond structure of CMBS; Federal income taxation of RELICS and CMBS.