Complete Guide to Financing Real Estate Developments

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.