Product Description

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.

Product Details

• Amazon Sales Rank: #314806 in Books
• Published on: 2007-10-12
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 544 pages

Review
"The third edition of Construction Funding by Nathan S. Collier et al is a remarkable demonstration of insight and expertise. Collier and colleagues provide an exceptionally lucid description and analysis of the process of real estate development that is accessible to non-experts while being authoritative at the same time. In addition to being an excellent text for students and others interested in careers in real estate development, this book serves as essential background for all those whose responsibilities include any part of the development process." (John V. Lombardi President, University of Florida (1990-1999)

From the Publisher
A complete rewrite and update of one of the most successful books in Wiley's Morris series of problem-solving references for today's construction practitioners. This new edition, based on current business conditions and economic policy, provides a step-by-step guide through each stage of financing both simple and involved projects.

From the Back Cover
The most complete and comprehensive source on financing real estate development--now revised, updated, and expanded The Fourth Edition of the classic Construction Funding acquaints professionals and students alike with the critical tools needed for developing any successful real estate venture. Using a case example of an actual apartment development, Construction Funding walks the reader through each phase of the project, offering invaluable guidance on selecting markets, rating sites, choosing construction professionals, raising capital, understanding financing options, and mastering cash flow management.

It covers essential topics such as creating a pro forma, understanding an appraisal, and navigating a loan application. There are many new learning features and updates included, such as:

*Joint ventures

*Condominiums and condo conversions

*Key terms and their definitions

*Chapter summaries and learning objectives

*End-of-chapter review questions

*Complete reference section for additional information

*Up-to-date costs and funding methods

Written by authors with broad experience in the construction and real estate industries, Construction Funding provides a concise, yet thorough guide for graduate and undergraduate students studying real estate. It also gives professional developers, planners, contractors, and other construction professionals an invaluable reference that broadens their understanding of every development project.

Customer Reviews

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.

A first class book on Real Estate Development
The third edition of Construction Funding by Nathan S. Collier et al is a remarkable demonstration of insight and expertise. Collier and colleagues provide an exceptionally lucid description and analysis of the process of real estate development that is accessible to non-experts while being authoritative at the same time. In addition to being an excellent text for students and others interested in careers in real estate development, this book serves as essential background for all those whose responsibilities include any part of the development process.

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