{'fraction_non_alphanumeric': 0.023034154090548053, 'fraction_numerical': 0.003971405877680699, 'mean_word_length': 5.0576923076923075, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
The evolution of creative real estate financing techniques : structures and applications

This paper reviews the current state of real estate finance, the types of creative financing structures being used today and their applicability to various deal sizes and finishes with a look at new financial products being tested in the market in response to future trends in the real estate business. The purpose in conducting this research is to, (1) track the evolution of the business in an effort to understand what circumstances led to the creation of these new products, (2) find out how (or if) they are being used by the real estate community and, (3) discuss what may be the upcoming trends in real estate finance. In assembling this study a total of 28 professionals representing a broad spectrum of real estate participants from both sides of the table (buyers/lenders and sellers/borrowers) were interviewed. Their thoughts are represented herein. The perspective of this study is primarily that of the developer in financing, refinancing or selling a commercial project. As a result, creative secondary market vehicles such as CMO's and REMIC's are not addressed. Thesis Supervisor: Marc Louargand Title: Lecturer Department of Urban Studies and Planning