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A debt shared is a risk reduced

By: Language: English Series: Estates Gazette ; (0615) 15 April 2006, 126-128(3)Publication details: 2006Subject(s): Summary: Shows how mortgage securitisation can enable property-owning organisations with strong covenant strength to reduce borrow costs. Describes the three kinds of modified leaseback lease: assignment rating test leases, non-assignable leases and triple net leases and their creation. Explains what real estate debt securitisation is and provides a chart demonstrating the effect of the nature of tenant and lease on borrowing costs and bond rating.

Shows how mortgage securitisation can enable property-owning organisations with strong covenant strength to reduce borrow costs. Describes the three kinds of modified leaseback lease: assignment rating test leases, non-assignable leases and triple net leases and their creation. Explains what real estate debt securitisation is and provides a chart demonstrating the effect of the nature of tenant and lease on borrowing costs and bond rating.