The Complete Guide to Financing Real Estate Developments

ISBN-13: 9780071479356 / Angielski / Twarda / 2007 / 450 str.

Ira W. Nachem

Opis

Get Answers to All Your Questions About Financing Real Estate Development -- and Tailor a Finance Package that Meets Specific Your Needs The Completee 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 the True Value of an Appraisal Is
• What goes into a Lender's Loan Presentation
• What to Expect at a Closing
• What Key Legal Documents are Most Important
• What the True Value of a Guarantee Is
• How 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.