Construction Funding: The Process of Real Estate Development, Appraisal, and Finance, Third Edition
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  • Wiley

More About This Title Construction Funding: The Process of Real Estate Development, Appraisal, and Finance, Third Edition

English

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 [email protected].
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.

English

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.

English

"The third edition of Construction Funding by Nathan S. Collier et al is a remarkable demonstration of insight and expertise. Collier and colleagues provide an exceptionally lucid description and analysis of the process of real estate development that is accessible to non-experts while being authoritative at the same time. In addition to being an excellent text for students and others interested in careers in real estate development, this book serves as essential background for all those whose responsibilities include any part of the development process." (John V. Lombardi President, University of Florida (1990-1999)
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