Cover; Title Page; Copyright; Contents; Foreword by Prof. Dr. Junhai Liu; Foreword by Prof. Dr. Matthias Thomas; Preface; Preface to Part Two; Acknowledgements; List of Figures; Reader's Manual; Part One; Chapter 1 Introduction to Property Financing; 1.1 Forms of financing: debt and equity; 1.1.1 Debt; 1.1.2 Equity; 1.2 A different approach to property financing; 1.3 Corporate finance and project finance; 1.4 Bank financing; 1.4.1 Property Loans to Private Individuals; 1.4.2 Property Financing to Cover Financial Requirements; 1.4.3 Structured Real Estate Financing.
1.5 Fund raising, securitization, and syndication1.5.1 Traditional Funding and Securitization; 1.5.2 Funding for Real Estate Loans and Syndication; 1.5.3 Syndication of Real Estate Loans; Chapter 2 Structured Real Estate Financing; 2.1 Bank roles; 2.2 Bank loan contractual forms; 2.3 Loans for development projects; 2.4 Parts and stages of a structured loan; 2.4.1 Analysis of the Transaction and Term Sheet; 2.4.2 Real Estate Valuation; 2.4.3 Basics of Property Appraisal; 2.4.4 Due Diligence Process; 2.4.5 Legal Due Diligence; Chapter 3 Loan Agreement; 3.1 Object and purpose of the loan.
3.2 Conditions precedent3.3 Amount of the loan; 3.4 Interest rates; 3.5 Interest rate risk hedging; 3.5.1 Interest Rate Cap; 3.5.2 Collar; 3.5.3 Interest Rate Swap; 3.6 Loan allocation; 3.7 Loan repayment schedule; 3.8 Fees; 3.9 Frequency of drawdown and procedures; 3.10 Events of default; 3.11 Property insurance; 3.12 Representations and warranties; 3.13 Duty to provide information; 3.14 Costs, taxes, and ancillary charges; 3.15 Contractual covenants; 3.15.1 Balance Sheet Covenants; 3.15.2 Financial Covenants; Chapter 4 Loan Repayment, Interest, and Renegotiation; 4.1 Bullet payments.
4.2 Pre-amortizing (semi-bullet)4.3 Balloon payment; 4.4 Fully amortizing repayment plans; 4.4.1 Fixed-Capital Loan Repayment Plan; 4.4.2 Floating-Rate Loan Repayment Plan; 4.4.3 Loan with Interest Rate Caps; 4.5 Other repayment schedules; 4.5.1 Negative Amortizing Constant Payment Loan; 4.5.2 Declining Payment Loan with Constant Amortizing; 4.6 Restructuring and renegotiation of real estate loans; 4.6.1 Grant of a New Loan; 4.6.2 Deferral of Payment Deadlines; 4.6.3 Restructuring Arrangement; Chapter 5 Effects of Financial Leverage on Real Estate Investments.
5.1 An illustration of financial leverage5.2 The effects of an increase in volatility; 5.3 The effect of financial leverage on returns; 5.4 The effect of financial leverage on risk; 5.5 "No Free Lunch"; 5.6 The mechanics of financial leverage; 5.7 The effect of the spread; 5.8 A brief summary of when to use financial leverage; Chapter 6 Structured Real Estate Financing Case Studies; 6.1 Structured financing for an income producing property; 6.1.1 Description of the Transaction; 6.1.2 Term Sheet for an Income Producing Property; 6.2 Structured financing for a real estate portfolio acquisition.
