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McMurray et al., 1997 - Google Patents

Real estate lease-backed securities

McMurray et al., 1997

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Document ID
5885503943760442527
Author
McMurray J
Mundel S
Publication year

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Snippet

ABSTRACT A recent innovation in real estate finance has been the issuance of securities backed by real estate leases. With loan-to-value ratios> 100% and debt service coverage ratios~ 1.00, this new instrument holds considerable appeal for borrowers. An examination …
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