Finance

Students will be able to prepare discounted cash flow models and deal structures  

• Prepare deal structures for proposed developments (legal and financial).

• Prepare discounted cash flow analysis using Microsoft Excel.

• Conduct comparable analysis & market valuation for proposed developments.

• Calculate and structure debt and equity for proposed developments. 

• Describe the composition and operation of public finance entities such as municipal utility districts, tax increment reinvestment zones, and public improvement districts.

Finance takes many forms throughout the development cycle. A developer must understand what the current financing scene looks like when evaluating the feasibility of a deal. This can either help or hinder the amount of equity they would have to contribute. Similarly, project returns can be aided through incentives provided by municipalities and public financing entities. A developer needs to be able to evaluate a project's current value based on long-term projected cash flows.