Construction Funding: The Process of Real Estate Development, Appraisal, and Finance
Construction Funding: The Process of Real Estate Development, Appraisal, and Finance
Construction firms operate on narrow profit margins and the success of construction projects is hinged upon proper financing. Construction Funding is the only single volume, concise text on the financial aspects of building and developing. The book acquaints the reader with a set of procedures specifically designed to solve the unique financial challenges facing the construction industry. It guides the reader step-by-step through each phase of financing a development project, from simple one-family residences to large multi-unit complexes. Construction Funding also addresses raising capital, selecting markets, rating sites, insurance, joint ventures, loan options, and cash flow management. Separate sections are devoted to the conduct of profitability studies and to finding after-tax rates of return. Construction Funding, Fourth Edition, has been updated to provide current costs and funding methods and additional learning features such as key terms, review questions, and learning objectives.
User Ratings and Reviews
5 Stars Phenomenal book about real estate development
This is an excellent book on the subject of real estate development. Perhaps the title may be a little misleading because this books offers much more than just construction funding. Anyone who is involved in appraising, developing, or financing a development project should read this book.
The authors describe the entire development process from the concept, seed capital, and regulatory approvals to construction. Also, the book teaches readers how to create the projected pro forma by establishing realistic operating statements showing income, expenses, and net operating income. The chapter on sources of financing is phenomenal. I highly recommend this book to anyone interested in real estate development.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
5 Stars MBA student
Very interesting book; very easy to read.
As a small real estate investor I found it very helpful in understanding many of the ins and outs of real estate and financing, especially on the scale i would like to grow to.
5 Stars What a Phenomenal Job!
I read construction funding, prematurely perhaps, as one of my first ever real estate books - and I loved it! The book takes the reader through several once-real-life scenarios and explains the construction process step by step. I think that both ambitious beginners and more seasoned loan officers and developers would benefit from reading this book.
5 Stars the right book, at the right time, in the right place… dubai
the right book, at the right time, in the right place… dubai
5 Stars Good if you’re serious
This isnt a book for someone who wants to dabble in real estate investment. This is a book for big time investors (or people who want to be big time.) It is great if you’re looking at large projects like apartment complexes, and it’s well written.
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