Real Estate Development Construction Loan Finance REDV-0040

SPRING 2024
Sec. 1: Online (self-paced). Feb. 6-Mar. 12 (6 sessions). Stern

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Learn best practices for submitting a loan request to a lender for interim construction loan project financing, long-term permanent "take out" financing and mini-perm financing. Topics include presenting the development team; project assumptions and feasibility analysis; hard and soft cost budgets; construction contracts; loan types; lender’s term sheet; loan underwriting and decision criteria; the appraisal report; due diligence; environmental reports; insurance and bonding; title insurance; liens; draw requests; the lender’s engineer and work in place; the funding process; loan administration; retainage; stages of project completion; and the take out loan.