REAL 1820 Lecture Notes - Lecture 6: Loan, Espn Bottomline, Earnings Before Interest And Taxes

151 views4 pages

Document Summary

Developers must have vision and see opportunities that others do not see. Or are too slow to capitalize upon ie: the rst enclosed shopping mall, rst senior housing program etc: market is evolving & changing, new opportunities are emerging. Long & complicated process ie: more room for errors demand overestimated competition underestimated. Inception of an idea: have a development idea, need practical experience, feasibility study. Evaluate viability of the idea: contract negotiation. Site purchase with landlord loans from banks: construction contract with builders. Purchase of property insurance: construction, make sure construction work is on schedule & within budget, completion & formal opening, utilities (water, hydro etc. ) are connected, buyers/tenants move in. The development team needs to be formed because it"s a multifaceted business ie: design, finance, build, lease/sell etc. Developer: leader of the team: decision maker, hires other team members to help on project. Builders: make a contract with developer to build the project.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related textbook solutions

Related Documents