Participants come from a variety of fields including real estate development, banking, government, architecture, planning and engineering. The program is aimed for those who aspire to work in field of real estate development, expand understanding of the development process, and benefit from local expertise, perspectives and gain hands-on experience.
Participants who attend this course will learn to:
- Identify the various types of real estate assets that can be developed and define the municipal approval process required to commence development.
- Identify key real estate risk factors, including project-specific and macroeconomic variables, how they impact the viability of the project, and how to mitigate these risks.
- Compare and explain the various equity capital structures used to finance real estate projects and how they influence the securing of project debt.
- Develop a project pro-forma and cost estimate used in the financing decision, including discounted cash flow analysis, IRR modelling, and the time value of money assumptions.
- List the basic features of mortgage agreements, including first and second mortgages, as well as other types of private financing transactions and the legal framework supporting these agreements.
- Identify the familiar sources and providers of commercial real estate debt across the risk spectrum.
- Assess potential real estate projects with a focus on their viability in securing project financing.