The Complete Guide to Financing Real Estate Developments Hardcover - 2007 - 1st Edition

From the publisher

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.

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