Construction Funding: The Process of Real Estate Development, Appraisal, and Finance

by Nathan S. Collier, Don A. Halperin, Courtland A. Collier

This updated classic is unrivaled in its complete, single-volume coverage of financing real estate development This thoroughly revised Third Edition of Construction Funding provides professional and student readers alike with the critical tools needed for developing any successful real estate venture. Using a case example of a 260-unit apartment development, the authors walk the reader through each project phase, offering invaluable guidance on raising capital, selecting markets, rating sites, securing insurance, creating joint ventures, understanding loan options, and mastering cash flow management. Beginning with an overview of today’s real estate industry, Construction Funding acquaints readers with various types of business organizations in real estate, including the advantages and disadvantages of each. An entire chapter in this first section is devoted to the most critical tool of them negotiation. The second section of the book provides a step-by-step outline of the typical development process from start to finish. Included in this section are guidelines The final, third section addresses the mathematical and technical tools of construction, including chapters on forecasting cash flow needs, calculating the time value of money, and funding and feasibility problems. Also provided are appendices containing loan forms, interest rate tables, and valuable information on federal construction programs. Written by a team of authors with broad experience in the construction and real estate industries, Construction Funding is the book to guide undergraduate and graduate students in construction programs, as well as an invaluable reference for professional developers, planners, and contractors.

384 pages, Hardcover

First published November 30, 1974

Reviews

[Alex Arcos · Rating 5 out of 5]

A masterpiece. I read around 50% of the book because many sections were not that relevant for the work I need to do, but all the chapters I covered were extremely detailed and showed the author both knows the topic first hand and that he did a through research. Totally recommended for those trying to understand the process of getting money to fund real estate projects and the perspectives of the actors involved in it.

[Denny Troncoso · Rating 4 out of 5]

Very useful if you are going to be a developer. Nathan Collier is amazingly qualified to write it. He holds education and experience that is enviable. It is a bit of a textbook that goes into some subjects deeply but the dealmaking case studies is light.

[Kevin J]

Available at Garden City 690.0681 C

[Bobby Wuertz · Rating 5 out of 5]

Great book to reference back to you on CRE questions. Authors do a good job of explaining the reasoning behind each subject.