Friday, November 21, 2008

Real Estate Developer Financial Statement Analysis I

Which data to use when analyzing a developer's business

Course Objective
Most real estate lenders limit the credit analysis of real estate transactions to the specific project at hand. However, analysis of the real estate business has gained substantial emphasis in recent years. This course will show the various ways to analyze the developer's business. The course includes a survey and review of types of data available, such as, cost versus market statements; personal statements; and individual, partnership and corporate income tax return data. It includes evaluation vignette exercises to illustrate various analytical approaches, as well as what to look for in project schedules such as Cash Flow/NOI, value assumptions, and status of project.

Who will benefit from this course?
Real estate lenders who need additional exposure to analyzing their real estate client's business or commercial lenders, private bankers, loan administrators, and credit personnel who want an improved look at the credit/financial picture of their real estate client.

How this course will help you meet the challenges of your career and today's market, you will:

  • Understand the key issues in real estate lending, which impact the financial analysis.
  • Review types of data available such as cost versus market statements; personal statements; and individual, partnership and corporate income tax return data for real estate developers.
  • Become familiar with analytical approaches using the various data available and perform evaluation vignette exercises to illustrate these approaches.
  • Learn helpful hints for analyzing the developer's business.

The Participant's Manual can be purchased online or by contacting RMA's Customer Care at 1-800-677-7621.

To purchase the Instructor's Guide (Product No. 625502), please contact Stacy Forcina at 1-215-446-4065.