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ED202-Real Estate Finance

Description

Real estate development is the focus of ED202, the third course in the EDFP Certification Program™. This course offers a step-by-step look at the real estate development process from the perspective of lenders, developers and investors. Participants analyze economic development real estate projects—retail, office, mixed-use—using the rates of return required by lenders, developers and investors, and determine the appropriate amount of public sector financing needed to make projects feasible. Public sector financing tools and techniques, including tax credits, designed to attract, leverage and complement private financing, are utilized to maximize equity while minimizing the amount of public investment. Specific topics include:

  • Real Estate Financing Process
    • Calculating project costs
    • Projecting the developer’s pro forma
    • Determining debt capacity
    • Measuring equity attracted
    • Quantifying the financing gap
    • Closing the gap
  • Return on Investment
    • Cash-on-cash rate of return
    • After-tax cash flow rate
    • Present value analysis
    • Internal rate of return
  • Appraisals
    • The capitalization rate
    • Three approaches to value
    • Reconciling value
  • Impact of Taxes on Real Estate Ownership
    • Depreciation
    • Leverage
    • Tax credits
    • Taxable gains and losses

 

CM I 33.00





Classes

Add Section Location Instructor Dates Days Times Fees Details Open
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ED202-0919DA
Ft Worth Texas
Hampton Inn Suites 1001 Commerce Street Fort Wor
Jewell 9/30 - 10/4 Mo Tu We Th Fr Varied $1,375.00 View
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ED202-1119AR
Arlington VA
Westin Crystal City
Wexler 11/4 - 11/8 Mo Tu We Th Fr Varied $1,375.00 View
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ED202-0120CL
Cleveland Ohio
Greater Cleveland Partnership 1240 Huron Rd East C
TBD 1/13 - 1/17 Mo Tu We Th Fr Varied $1,375.00 View
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ED202-0220MN
Minneapolis MN
Aloft Minneapolis
TBD 2/10 - 2/14 Mo Tu We Th Fr Varied $1,425.00 View
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ED202-0720LA
Los Angeles CA
Westin Bonaventure
TBD 7/13 - 7/17 Mo Tu We Th Fr Varied $1,425.00 View
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ED202-1220PH
Philadelphia PA
The Warwick Rittenhouse Square
TBD 12/7 - 12/11 Mo Tu We Th Fr Varied $1,425.00 View