Unless otherwise defined, in the real estate industry this is understood to mean a company under private or public law – and then usually municipal or state-owned – which – plans major commercial and private construction projects, – has them built for its own account, and – then sells them to purchasers. – Experts are involved in all stages of financing and cooperate with the respective institutions in real estate banking over a long period of time, often over decades. This long-term (noncurrent) cooperation reduces the collateral risk. – See cost, avoided, landmark building loan, project finance, real collateral, real estate collateral.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/