Development Process & Project Sensitivity Analysis


Course Details

This course can only be taken as part of the Certificate in Commercial Real Estate.

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About this Course

This course offers a rigorous review of the development process — market review, site and entitlement issues and creation of a project pro forma — and culminates in the creation of a commercial project. We’ll cover issues that include the role of equity and requirements of construction lending, adoption and execution of a marketing plan, the use of sources and the uses of funds. You’ll examine financing, with a concentration on construction loan underwriting, credit criteria and progress funding mechanics. We’ll create teams that work together to identify, analyze and present a project to be developed on actual sites.

What You'll Learn

  • Role of pro forma in the development process-management
  • Market analysis for major property types
  • Estimation of direct construction costs
  • Designing to the market
  • Project budget development and sensitivity tools
  • Entitlement, permitting and public approval process
  • Defining market rents and managing lease-up to stabilization

Program Overview

This course is part of the Certificate in Commercial Real Estate.