Environment Risk Perceptions of Commercial and Industrial Real Estate Lenders

Thomas Jackson

Journal of Real Estate Research, 2001, vol. 22, issue 3, 271-288

Abstract: This study analyzes the risk perceptions of commercial and industrial mortgage lenders related to environmental contamination. Two research questions are addressed. The first is whether perceived risks vary with a property's remediation/cleanup status. The second is whether market conditions have an intervening effect on environmental risk. An analysis of national lender survey data found significant differences in perceived risk before, during and after cleanup, with most lenders unwilling to make a loan before cleanup and a majority willing to lend at typical rates and terms after cleanup. The study also found that strong market demand significantly reduces environmental risk while weak demand increases these risks.

Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2001.12091067 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjerxx:v:22:y:2001:i:3:p:271-288

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjer20

DOI: 10.1080/10835547.2001.12091067

Access Statistics for this article

Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler

More articles in Journal of Real Estate Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().