The Impact of Residential Rent Controls on Lender Policies and Activities
AbstractThe general merits of rent control have been debated for years but few have questioned their effects upon institutional lending policies. This study investigates actual lending terms as well as opinions from lending institutions involved with both rent-controlled and non-controlled multifamily housing projects. The results indicate there is very little difference between lending requirements for either type project. Lenders are more concerned with the ability of the project to meet the debt service obligations than they are with the overall return to the investor. The adverse impact of rent control on lenders appears to be more on the lenders' beliefs relating to incentives for builders and owners than upon lender requirements and policies.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 3 (1988)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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