In this introductory article, the editors of this issue examine the impact of the credit crisis on
commercial and multifamily real estate and provide a post-crisis, evolutionary view of real …

This study introduces the cap rate spread as a novel metric for underwriting commercial
mortgages. Cap rate spread is the difference between the cap rate and the fixed coupon …

Commercial mortgage underwriters have traditionally relied upon a standard set of criteria
for approving and pricing loans. The increased level of commercial mortgage loan defaults …

Rising property prices are one explanation for higher prepayments of commercial mortgages
as borrowers refinance to take out equity or sell their assets. However, prices may be driven …

Based on industry data and that from other sources such as Federal Reserve Board
testimony and publications, this paper provides a review of continuing commercial real …

This study investigates whether the traditional underwriting loan metrics, loan-to-value
(LTV), debt coverage ratio (DSCR), and debt yield (DY) ratio, can predict lodging …

A scholarly inquiry into ethics in financial matters has revealed that mortgage malfeasance is
a possibility and lenders can continue to make efforts to avert any such problems in the …