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Underwriting Limits and Optimal Leverage in Commercial Real Estate
Authors:Cremer  Leo
Affiliation:1.RheinMain University of Applied Sciences, Kurt-Schumacher-Ring 18, 65197, Wiesbaden, Germany
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Abstract:The Journal of Real Estate Finance and Economics - Risk-averse commercial mortgage lenders follow an underwriting policy with strict limits based on the property’s value and cash flow. A...
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