About this Course
This course offers a rigorous review of the development process — market review, site and entitlement issues and creation of a project pro forma — and culminates in the creation of a commercial project. We’ll cover issues that include the role of equity and requirements of construction lending, adoption and execution of a marketing plan, the use of sources and the uses of funds. You’ll examine financing, with a concentration on construction loan underwriting, credit criteria and progress funding mechanics. We’ll create teams that work together to identify, analyze and present a project to be developed on actual sites.
What You'll Learn
- Role of pro forma in the development process-management
- Market analysis for major property types
- Estimation of direct construction costs
- Designing to the market
- Project budget development and sensitivity tools
- Entitlement, permitting and public approval process
- Defining market rents and managing lease-up to stabilization