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Paper eres2003_276:
Assumption Financing and Property Values: A New Perspective and Valuation Implications

id eres2003_276
authors Tirtiroglu, Douan
year 2003
title Assumption Financing and Property Values: A New Perspective and Valuation Implications
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary This paper benefits from the Adjusted Present Value (APV) in advancing a theoretical framework for valuing properties financed especially under assumption financing. We use APV to show that the valuation process should first establish a subject propertyís all-equity value. Once this is accomplished, APV suggests that an analyst consider various incremental values from using debt financing and that those deemed belonging to the seller be added to the all-equity value to establish a final property value.
series ERES:conference
email dt259@cam.ac.uk
discussion No discussions. Post discussion ...
ratings
session Session 6, Valuations for Special Purposes
last changed 2008/12/29 19:09
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