Construction Funding: The Process of Real Estate Development, Appraisal, and Finance / Edition 4

Construction Funding: The Process of Real Estate Development, Appraisal, and Finance / Edition 4

ISBN-10:
0470037318
ISBN-13:
9780470037317
Pub. Date:
10/19/2007
Publisher:
Wiley

Hardcover

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Overview

Construction Funding: The Process of Real Estate Development, Appraisal, and Finance / Edition 4

The Fourth Edition of the classic Construction Funding acquaints professionals and students alike with the critical tools needed for developing any successful real estate venture. Using a case example of an actual apartment development, Construction Funding walks the reader through each phase of the project, offering invaluable guidance on selecting markets, rating sites, choosing construction professionals, raising capital, understanding financing options, and mastering cash flow management.

Product Details

ISBN-13: 9780470037317
Publisher: Wiley
Publication date: 10/19/2007
Edition description: REV
Pages: 544
Product dimensions: 6.40(w) x 9.60(h) x 1.22(d)

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Table of Contents

Preface.

Foreword.

Acknowledgments.

I BACKGROUND.

1 Characteristics of Real Estate.

2 Different Types of Business Organizations.

3 Negotiation.

II THE DEVELOPEMENT 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 EVOLUTION OF THE DEVELOPMENT PROCESS.

11 Joint Ventures.

12 Condominiums and Condominium Conversions.

IV CASH FORECASTS AND THE TIME VALUE OF MONEY.

13 How to Forecast Cash Needs During Construction.

14 Basic How-to-Do-It Time Value of Money Calculations.

APPENDIX A.

APPENDIX B.

APPENDIX C.

APPENDIX D Interest Tables.

APPENDIX E End-of-Chapter Answers to Questions.

Index.

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