A Note on the Accounting Model for Problem Real Estate Loans

Real estate lenders are required to account for troubled real estate loans under guidance provided by generally accepted accounting principles (GAAP). GAAP prescribes that cash flows of a troubled loan be discounted at a rate substantially different than financial theory indicates. The accounting mo...

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Bibliographische Detailangaben

Veröffentlicht in:	The Journal of real estate research 1990-10, Vol.5 (3), p.381-391
Hauptverfasser:	Handorf, William C., Sachlis, J. Minor
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital costs Capital structure Cost of equity Generally accepted accounting principles Investment risk Loan payments Loan rates Loans Real estate economics Real estate financing
Online-Zugang:	Volltext
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