LEADER 04067nam 2200601 a 450 001 9910817198703321 005 20230725025732.0 010 $a0-470-94430-7 010 $a1-282-94387-1 010 $a9786612943874 010 $a1-118-26767-2 010 $a0-470-94428-5 035 $a(CKB)2670000000060983 035 $a(EBL)700549 035 $a(OCoLC)769341511 035 $a(SSID)ssj0000434685 035 $a(PQKBManifestationID)11325407 035 $a(PQKBTitleCode)TC0000434685 035 $a(PQKBWorkID)10402140 035 $a(PQKB)10663922 035 $a(MiAaPQ)EBC700549 035 $a(Au-PeEL)EBL700549 035 $a(CaPaEBR)ebr10469791 035 $a(CaONFJC)MIL294387 035 $a(EXLCZ)992670000000060983 100 $a20100729d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCommercial real estate restructuring revolution$b[electronic resource] $estrategies, tranche warfare, and prospects for recovery /$fStephen B. Meister 210 $aHoboken, N.J. $cWiley$d2011 215 $a1 online resource (269 p.) 225 1 $aWiley finance 300 $aDescription based upon print version of record. 311 $a0-470-62683-6 320 $aIncludes bibliographical references and index. 327 $aCommercial 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 327 $aCHAPTER 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 330 $a"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, $1.4 trillion of CRE debt is coming due by 2014 and half of the CRE projects securing such debt are underwater. Commercial Real Estate Restructuring Revolution: Strategies, Tranche Warfare, and Prospects for Recovery looks at how we got into this mess-impacts of the housing crisis, debt structures, lender-borrower collusion, and bankruptcy abuses-and offers possible solutions to the CRE crisis. Along the way, author Stephen Meister: Discusses how CRE value losses are being driven by investors' risk adjusted cap rates, not just poorer market fundamentals. Discusses strategies and emerging trends in CRE foreclosures, including forced lender fundings, lender attempts to chill bids and UCC foreclosure tactics and pitfalls. Proposes legislative solutions and explains how any rebound will require federal spending cuts, a vast deleveraging and a market clearing process. With a crashing CRE debt market and the hundreds of CRE-heavy regional banks destined for failure, getting out ahead of the curve is essential. Commercial Real Estate Restructuring Revolution addresses how we got here and how you can plan for the impending crash"--$cProvided by publisher. 410 0$aWiley finance series. 606 $aCommercial real estate$zUnited States 615 0$aCommercial real estate 676 $a333.33/870973 700 $aMeister$b Stephen B$01631365 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910817198703321 996 $aCommercial real estate restructuring revolution$93970110 997 $aUNINA