Introduction To Real Estate Finance I: For Brokers, Bankers, And Investors
Course Code: XRCE100
Description:
Helping your clients find the right financing is often as important as helping them find the perfect property. This foundation course; which is geared to builders, developers and investors, as well as real estate salespersons and brokers; will provide you with an overview of the complex world of real estate financing. You will learn to identify sources of capital and analyze the types of financing available in today’s market. The course will familiarize you with mortgage instruments and notes, as well as alternate mortgage instruments (GPM, GEM, SAM, Fixed Rate/Buydowns, Fixed Rate Mortgages, Standing Loans). You will also discuss sources of real estate financing, mortgage banking in the secondary market and the securitization of real estate (Wall Street).
Instructor: BARRY J. STEIN, Rohman & Stein Associates Inc.; A 25 year-old commercial real estate financing firm that is responsible for over $2,500,000,000 of mortgage and equity financing; Mr. Stein is on the executive committee, Board of Real Estate Practitioner's Institute. Chairman, Education Committee, Real Estate Practitioner's Institute; Associate Adjunct Professor, NYU; Nassau County Rent Guidelines Committee Board Member.
Date: 11/3 to 11/10/08 Monday & Wednesday, 6:30 pm to 9:00 pm
Tuition: $125.00
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Introduction To Commercial & Investment Real Estate - Concepts & Terms TOP
Course Code: XRCE160
Description:
This required course is taught on a “learn by doing” basis, whereby students work through a series of illustrative problems. Topics will include: types of commercial properties, types of commercial customers, net operating income, vacancy, credit losses, highest and best use, land leases, build to suit, APOD, forecasting cash flows, fair market value, leases, zoning, and marketing. Students should bring a basic calculator to class.
Instructor: EDWARD S. SMITH JR.has 35 years experience in commercial and investment real estate brokerage. He is currently Regional Director for Coldwell Banker Commercial NRT, Long Island and Queens. He has served as an instructor, trainer and consultant to the industry and is the author of commercial continuing education courses and textbooks.
Date: 10/15 & 10/22/08 Wedensdays, 5:30 pm to 9:15 pm
Tuition: $125.00
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Underwriting Loans For Income Producing Properties TOP
Course Code: XRCE275
Description:
People who invest in real estate for its income-producing potential are in a specialized mortgage market. This fifteen- hour course will identify the sources of capital for such mortgages. We will dis- cuss underwriting different types of loans specific to apartment buildings, industrial properties, office complexes, shopping centers and hotels. We will also look at issues connected with construction lending, second mortgages, leasehold loans, wraparound loans, REITs, joint ventures, participating loans, equity partners, credit enhancement, and sale leasebacks.
Instructor: THOMAS WALSH, President, Walsh Management Associates, Inc., over 30 years experience in Real Estate.
Date: 10/15 to 11/19/08 Wednesdays, 7:00 pm to 9:30 pm
Tuition: $210.00
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Intro To Aquisition & Construction Financing TOP
Course Code: XRCE310
Description:
This course will explore real estate construction financing from application through closing for income properties and residential tract development projects. The course is from the developer’s prospective. Topics to be discussed will include: negotiating with lenders, understanding bank underwriting criteria, components of the commitment letter, the loan closing and draw requests. This course offers an overview of more advanced construction financing topics such as letters of credit, bonding, project cash flow projections, market risk exposure, overcoming development problems, the construction lien law, the plan and cost review and SBA-504 financing for owner occupied buildings.
Instructor: JOHN ADAMS, First Senior Vice President,Senior Mortgage Lending Officer, responcible for over-seeing the administration of approximately $15 billion in site development and construction loans.
Date: 10/20 to 11/24/08 Mondays, 6:30 pm 9:00 pm
Tuition: $210.00
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How To Invest In Real Estate TOP
Course Code: XRCE375
Description:
This course will focus on the decision-maiking process of identifying risks and financing commercial properties for the owner-user and income property invest or as well as the creditor. Topics will include financing sources and credit standards, financial instruments, collateral analysis and appraisal methods, cash flow and underwriting the mortgage loan request.
Instructor: PETER C. PUCCIO, CPA Commerce Bank
Date: 10/7 to 11/11/08 Tuesdays, 6:30 pm 9:00 pm
Tuition: $210.00
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The Environment We Live In - Environmental Issues TOP
Course Code: XRCE400
Description:
This course provides an in-depth analysis of various environmental issues relative to real estate transactions on Long Island. Emphasis will be on issues related to soil and groundwater contamination. Topics include: pertinent regulations at federal, state and county levels; regulatory compliance requirements and related issues for commercial and industrial properties; buying and selling commercial real estate from both the buyers and the sellers perspectives; agency notification requirements; appraisal issues and problems with completing the transaction; popular remediation technologies; and costs and case histories. Additional topics of discussion will include landlord/ tenant lease language, dealing with consultants, regulators and the public, popular brownfield redevelopment, and risk-based clean-ups.
Instructor: CHARLES A. RICH, Founder and President of CA Rich Consultants, Inc., a full-service Long Island groundwater and environmental consulting firm.
Date: 9/9 to 10/21/08 Tuesdays 6:30 pm 9:00 pm
Tuition: $210.00
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