Construction Funding The Process of Real Estate Development, Appraisal, and Finance

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

• ISBN13: 9780470037317
• ISBN10: 0470037318
• Edition: 4th
• Format: Hardcover
• Copyright: 2007-10-12
• Publisher: Wiley
• More Book Details

Summary

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.

Author Biography

Nathan S. Collier is the founder and owner of The Collier Companies, a Florida-based firm that develops, owns, and manages close to 9,000 apartments in thirty-four communities. He has endowed the Nathan S. Collier Master's in Real Estate program at the University of Florida, and is a registered real estate broker, a licensed building contractor, a Certified Public Accountant, and a member of the Florida Bar.

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

Acknowledgments

Background

Characteristics of Real Estate

Different Types of Business Organizations

Negotiation

The Developement Process Start To Finish

The Development Process: An Overview

Market Studies, Site Feasibility Analysis, and Selection

Creating the Project Pro Forma

The Appraisal

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

The Commitment

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

Evolution Of The Development Process

Joint Ventures

Condominiums and Condominium Conversions

Cash Forecasts And The Time Value Of Money

How to Forecast Cash Needs During Construction

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

Interest Tables

End-of-Chapter

Answers to Questions

Index

Table of Contents provided by Publisher. All Rights Reserved.