February 4th, 2010 | 
Author:
Praise for MAVERICK REAL ESTATE FINANCING
“Once you start reading, you won’t be able to put the book down. You will feel you are part of the deals that industry leaders have put together. This is a real book about real people and how they address risk and reward.”
–Bruce S. Schonbraun, Managing Partner The Schonbraun McCann Group LLP
“Bergsman applies a journalist’s logic to the complex world of commercial real estate, making it easier for outsiders to understand. He writes with the authority of a true insider.”
–Brannon Boswell, Managing Editor Shopping Centers Today
“Congratulations. Finally, someone has written a book that reflects real estate finance in the twenty-first century. With the growing proliferation of real estate education in university business schools today, this book should be required reading!”
–James D. Kuhn, President Newmark Knight Frank
In Maverick Real Estate Financing, Steve Bergsman–author of the widely acclaimed Maverick Real Estate Investing–describes the various financing methods you can use to achieve real estate investment success. Maverick Real Estate Financing also introduces you to an innovative group of real estate professionals who have used these methods to build substantial fortunes.
By listening to some of the world’s most successful real estate Mavericks–includingWilliam Sanders, W. P. Carey, and Stephen Ross–you’ll discover what sets them apart from the rest of the pack and learn how to apply their proven principles to your own real estate deals.
Each chapter examines a different real estate financing technique and the Maverick who best exemplifies it. Some of the strategies and products discussed include:
* Equity financing
* Public and private REITs
* Agency loans
* UPREITs
* Commingled capital
* Retail site arbitrage
* Conduit loans
* Sale-leasebacks
* Distressed mortgages
* Low-income housing tax credits (LIHTCs)
User Ratings and Reviews
5 Stars Loan Payments are the Biggest Expense
Many brokers and real estate owners spend a lot of time analyzing the operational expenses of properties to arrive at what is called a Net Operating Income. Then, debt service is subtracted from it to arrive at cash flow. Understanding financing is critical to success in real estate investing. Debt service, depending on the amount of leverage, can easily be the biggest expense item surpassing even real estate taxes. This book is all about real estate financing. It is a must for serious real estate investors.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
5 Stars EXCELLENT
Grate book, it will give you most of the financial structures you need to know in real state business.
5 Stars As described
I was pleasantly surprised at how useful this book has been. It describes different types of funding as well as some of the characters who have created some of the funding schemes and instruments we use today. Not all of the info is what I would call 100% timely; some of the bio’s go back to the ’60’s. Still, it has helped me piece together the commercial funding puzzle which is the next step in investing that I would like to take.
4 Stars This will give you ideas, but not a real how to…
I liked this book, but it really only provides you ideas on how to raise capital. It is not a real how to guide. So if you are looking for that, look elsewhere…
4 Stars Okay
This book is ok, in hindsight it might be better to get a real textbook with case studies.
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