Zero Coupon Syndicates and the Timing of Cash Distributions to Partnership Investors

Abstract

Examines the practise of using zero coupon first mortgage notes to raise more capital than is needed to fund a particular real estate limited partnership. Explains the mechanism, with advantages and drawbacks. Provides a worked example.

Citation

Archer, W.R., Sa‐Aadu, J. and Shilling, J.D. (1990), "Zero Coupon Syndicates and the Timing of Cash Distributions to Partnership Investors", Journal of Property Finance, Vol. 1 No. 3. https://doi.org/10.1108/09588689010032399