Construction Funding: The Process of Real Estate Development, Appraisal, and Finance / Edition 3

Construction Funding: The Process of Real Estate Development, Appraisal, and Finance / Edition 3

by Nathan S. Collier, Courtland A. Collier, Don A. Halperin
     
 

This work provides professionals and students in construction and real estate with critical tools needed for developing any successful real estate venture. Using a case example of a 260-unit apartment development, the book walks through each project phase, offering guidance on raising capital, selecting markets, rating sites, securing insurance, creating joint… See more details below

Overview

This work provides professionals and students in construction and real estate with critical tools needed for developing any successful real estate venture. Using a case example of a 260-unit apartment development, the book walks through each project phase, offering guidance on raising capital, selecting markets, rating sites, securing insurance, creating joint ventures, understanding loan options, and mastering cash flow management. Background material is provided on various types of business organizations in real estate, and there is material on the mathematical and technical tools of construction, with chapters on forecasting cash flow needs and funding problems. Collier is founder and owner of a property management and development firm. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780471394662
Publisher:
Wiley
Publication date:
12/28/2001
Edition description:
Older Edition
Pages:
384
Product dimensions:
6.02(w) x 9.40(h) x 0.79(d)

Meet the Author

NATHAN S. COLLIER is the founder and owner of Paradigm Properties, a property management and development firm, and is a member of the Board of Directors of the National Multihousing Council, the National Association of Real Estate Investment Trusts, and the Urban Land Institute. In addition, he is a registered real estate broker, a licensed building contractor, a certified public accountant, and a licensed attorney. He may be reached at ncollier@opm25.hbs.edu.
COURTLAND A. COLLIER, PE, is Associate Professor Emeritus, Civil Engineering, at the University of Florida.
DON A. HALPERIN, FAIG, is Director Emeritus, School of Building Construction, at the University of Florida.

Table of Contents

Preface.

Foreword.

I. BACKGROUND.

1. Characteristics of Real Estate.

2. Different Types of Business Organizations.

3. Negotiation.

II. THE DEVELOPMENT PROCESS START TO FINISH.

4. The Development Process: An Overview.

5. Market Studies, Site Feasibility Analysis, and Selection.

6. Creating the Project Pro Forma.

7. The Appraisal.

8. Sources of Financing, the Loan Application Process, and Term Sheets.

9. The Commitment.

10. Closing the Loan: The Note, Mortgage, Construction Loan Agreement, and Unconditional Guaranty.

III. CASH FORECASTS AND THE TIME VALUE OF MONEY.

11. How to Forecast Cash Needs During Construction.

12. Basic How-to-Do-it Time Value of Money Calculations.

Appendix A: Exhibit A-1. Real Estate Promissory Note.

Exhibit A-2. Mortgage and Security Agreement.

Exhibit A-3. Construction Loan Agreement.

Exhibit A-4. Real Estate Unconditional Guaranty.

Appendix B: Exhibit B-1. The Gainesville Sun.

Exhibit B-2. Apartment complex put on hold.

Exhibit B-3. Hidden Lake gets approval.

Appendix C: Interest Tables.

Index.

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