 |
 |
 |
|
A complete roadmap to the entire process of financing large-scale real estate projects.
The Complete guide to Financing Real Estate Developments provides readers with step-by-step guidance to overcoming the financial obstacles common to real estate developments. Offering practical view points from both lender and borrower, this hands-on reference covers the dangers and benefits each must consider and includes time-and-money-saving advice, tips, and insights that can be immediately applied to current projects.
Written by real estate expert Ira Nachem, this hands-on reference explores the nuts-and-bolts of financing, including the politics, what to look for in a credit analysis or development deal, and much more.
- Covers the most essential financial documents and forms.
- Devotes an entire chapter to key match formulas needed to calculate success.
- Provides clear, detailed explanations of every player's role, from investor and lenders to architects, construction managers, and end users.
Get Answers to All Your Questions about Financing Real Estate Development - and Tailor a Finance Package that Meets Your Specific Needs
The Complete Guide to Financing Real Estate Developments offers a detailed roadmap to navigate the complex process of financing small to large-scale real estate projects, such as office buildings, apartment complexes, and hotels.
Real estate expert Ira Nachem explores the pros and cons of large versus small institutions; how to structure and present a loan proposal, the approval and closing processes; the truth about appraisals, guarantees, insurance and lien law; financial and physical bonuses and constraints, environmental issues and many other topics.
Nachem presents in-depth information and explanations that answers questions on:
- Who the Commercial Real Estate Lender Really Is.
- What Information Should the Borrower Produce?
- How a Workable Budget Is Created.
- How the Lender Evaluates a Borrower.
- What Is the True Value of an Appraisal?
- What Goes into a Lender's Loan Presentation?
- What to Expect at a Closing.
- What Key Legal Documents Are Most Important?
- What Is the True Value of a Guarantee?
- How do the Borrower and Lender Prepare for the Funding Process?
- What Is involved in Loan Administration after the Closing?
- What Is the View from the Borrower's Perspective?
- What Are some of the Constraints and Incentives to Development?
- What Are the Values and Risks of Insurance and Bonding?
- What Is the Reason for Title Insurance and How Does it Work?
- What Are the Complexities of Lien Law and How Does it Work?
- How Is the Loan Eventually Repaid?
- What Real Estate Math Is Essential for the Professional?
- How Important Are Environmental Issues?
- How Can the Lender Find New Loan Prospects?
- What Are the Risks and Rewards of Loan Participations?
Featuring a wide range of helpful examples and illustrations, The Complete Guide to Financing Real Estate Developments covers many of the day-to-day realities faced in the real estate industry including the differing perspectives of lenders and borrowers, their personal pressures, personalities and politics, and much more.
Table of Contents
Chapter 1: The Commercial Real Estate Lender. Chapter 2: The Borrower's Information. Chapter 3: Budgeting. Chapter 4: Evaluating the Borrower. Chapter 5: Appraisals. Chapter 6: The Loan Presentation. Chapter 7: The Loan Closing, Legal Documentation, and Guarantees. Chapter 8: Preparing for the Funding Process. Chapter 9: Loan Mechanics after Closing. Chapter 10: Project Completion. Chapter 11: The Development Process from the Borrower's Perspective. Chapter 12: Constraints on and Incentives for Development. Chapter 13: Insurance and Bonding. Chapter 14: Title Insurance and Lien Law. Chapter 15: Loan Repayment. Chapter 16: Real Estate Math. Chapter 17: Pricing. Chapter 18: Environmental Concerns. Chapter 19: Marketing: Searching for Loan Prospects. Chapter 20: Loan Participations. Chapter 21: Problems and Issues. Index. About the Author.
About the Author
Ira W Nachem has more than 25 years of experience in commercial real estate finance, investment, development, construction and management. His executive positions in real estate banking, development, management and brokerage have given him direct involvement in all kinds of credit and equity transactions collateralized by all types of properties throughout the United States. He currently lectures on real estate and construction finance at New York University. |
|
|
|
|
|
|
|
|
