The 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 ProduceHow a Workable Budget is CreatedHow the Lender Evaluates a BorrowerWhat the True Value of an Appraisal IsWhat goes into a Lender's Loan PresentationWhat to Expect at a Closing What Key Legal Documents are Most ImportantWhat the True Value of a Guarantee IsHow the Borrower and Lender Prepare for the Funding ProcessWhat Is involved in Loan Administration After the Closing What Is the View from the Borrower's PerspectiveWhat Are some of the Constraints and Incentives to DevelopmentWhat Are the Values and Risks of Insurance and BondingWhat Is the Reason for Title Insurance and how does it workWhat Are the Complexities of Lien Law and how does it workHow Is the Loan Eventually RepaidWhat Real Estate Math Is Essential for the Professional How Important Are Environmental IssuesHow Can the Lender Find New Loan ProspectsWhat Are the Risks and Rewards of Loan ParticipationsFeaturing 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.