The most complete and comprehensive source on financing real estate development—now revised, updated, and expanded

The Fourth Edition of the classic Construction Funding acquaints professionals and students alike with the critical tools needed for developing any successful real estate venture. Using a case example of an actual apartment development, Construction Funding walks the reader through each phase of the project, offering invaluable guidance on selecting markets, rating sites, choosing construction professionals, raising capital, understanding financing options, and mastering cash flow management.

It covers essential topics such as creating a pro forma, understanding an appraisal, and navigating a loan application. There are many new learning features and updates included, such as:

• Joint ventures

• Condominiums and condo conversions

• Key terms and their definitions

• Chapter summaries and learning objectives

• End-of-chapter review questions

• Complete reference section for additional information

• Up-to-date costs and funding methods

Written by authors with broad experience in the construction and real estate industries, Construction Funding provides a concise, yet thorough guide for graduate and undergraduate students studying real estate. It also gives professional developers, planners, contractors, and other construction professionals an invaluable reference that broadens their understanding of every development project.