Off-balance
sheet financing is coming under greater scrutiny
as news comes out about Enron's use of subsidiaries.
For real property lawyers, a synthetic leases
provides a type of lease financing that combines
the benefits of an operating lease and a tax
loan. In this highly charged climate, real estate
lawyers must understand the proper uses and
rules governing a synthetic lease and how it
differs from the types of off-balance sheet
arrangements that Enron used and may have abused.
In Synthetic
Lease Financing Nancy R. Little
has brought together experts in the field to
provide a practical and thorough review of the
uses and issues associated with this type of
financing. Other topics covered include accounting,
tax and bankruptcy issues, the lender's and
equity investor's perspectives, title insurance,
and black box transactions. For additional information
about and to purchase this topical new book
online,
click
here.
Anatomy
of a Mortgage: Understanding and Negotiating
Commercial Real Estate Loans is
a detailed analysis of a commercial form mortgage
document that addresses all important aspects
of a mortgage transaction. Written by R. Wilson
Freyermuth, John P. McNearney, Debra Pogrund
Stark, and Dale A. Whitman, the authors base
their analysis on the Federal National Mortgage
Association ("Fannie Mae") Deed of Trust form
for multi-family housing. Each section sets
forth the text of a specific provision, followed
by expert commentary explaining what the provision
means, the functions it serves, and any problems
with application or enforcement from the lender's
or borrower's perspective. For more information,
and to buy online, click
here.
