Spring/Summer 1993, Vol 18, No 1

Abstract: The author presents the conclusions of his work, to date, as chairman of the Credit Task Force of the Urban Land Institute. Why isn’t credit available at attractive rates to real estate? In part, because of the unintended consequence of new, risk-based capital rules and mark-to-market accounting; partially because of a degeneration of valuation methodology and terminology and the deterioration of a reliable database. Also addressed is how Counselors can make a difference.