Commercial Finance and Investment Analysis

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" rowspan="3" width=199 style="border-right: 1px solid #FF0000;" BGCOLOR="#FFFFFF" TEXT="#080000" bgproperties="fixed" background="07fc8c00egerdp.jpg"> <bR> <div> <A HREF="id41.htm" TARGET="_top" TITLE="Enrolled Students"><B>Enrolled</B></A></div> <div> <A HREF="id41.htm" TARGET="_top" TITLE="Enrolled Students"><B>Students</B></A></div> <div> <A HREF="id41.htm" TARGET="_top" TITLE="Enrolled Students"><B>(click here)</B></A></div> <bR> <bR> <div> <A HREF="id71.htm" TARGET="_top" TITLE="Student Affidavit Florida"><B>Student</B></A></div> <div> <A HREF="id71.htm" TARGET="_top" TITLE="Student Affidavit Florida"><B>Affidavit</B></A></div> <bR> <bR> <div> <A HREF="id4_technical_support.htm" TARGET="_top" TITLE="CompuTaught"><B>Technical Support</B></A></div> <div> <A HREF="id4_technical_support.htm" TARGET="_top" TITLE="CompuTaught"><B>for all Courses</B></A></div> <bR> <bR> <div> <B><IMG SRC="06f97970.gif" border=0 width="151" height="151" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <bR> </td> <td valign="top" colspan=2 height=75 style=" border-bottom: 1px solid #FF0000;" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <FONT SIZE="6" COLOR="#FFFFCC" FACE="Arial" > </FONT>Commercial Finance and Investment Analysis</div> <div> </div> </td> </tr><tr> <td valign="top" height=375 width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>COMMERCIAL FINANCE AND INVESTMENT ANALYSIS</B></div> <div> (7 hours, General)</div> <bR> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="402" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 117 WIDTH="396"><div> A brief history of the savings and loan industry progresses into present commercial real estate financing practices.  The different types of financing available to commercial properties and their characteristics are explained in detail.  Investment evaluation methods including property comparison, appraisal, capitalization rates, and the time value of money are also covered.</div> <bR> </tD> </tR> </TABLE></div> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="542" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 35 WIDTH="47"><div> <B>TIME</B></div> </tD> <tD VALIGN=TOP WIDTH="187"><div> <B>CONTENT</B></div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="35" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <B>LEARNING OBJECTIVES</B></div> <div> After this segment, the student will be able to:</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 49 WIDTH="47"><div> 20 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Savings and loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Review the history of the savings and loan industry and analyze some regulations that affect savings and loans.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 66 WIDTH="47"><div> 10 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Commercial loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="66" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Examine some features of commercial loans, including capital requirements, loan to value ratios (LTV's) and non-depository sources of commercial loans.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 10 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Primary and secondary markets for commercial loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Distinguish between the primary mortgage market and the secondary mortgage market.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 10 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Loan brokers</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Explain the role of the loan broker in commercial real estate financing.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 66 WIDTH="47"><div> 20 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Types of financing arrangements available for commercial loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="66" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Compare and contrast some different financing arrangements, including participation loans, co-lender agreements, fully amortized loans and balloon loans.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 66 WIDTH="47"><div> 10 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Second lien loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="66" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Assess the problem associated with obtaining a second lien loan for a commercial real estate deal and evaluate some solutions to this problem.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="47"><div> 30 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Construction loans</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> Examine the features of construction loans.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 10 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Sale and leaseback arrangements</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Illustrate how a sale and leaseback arrangement works.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 20 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Ground leases</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Compare and contrast subordinated ground leases and unsubordinated ground leases.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 20 min</div> </tD> <tD VALIGN=TOP><NOBR><div> Commercial loan procedures</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Summarize the commercial loan procedures from application through loan closing.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 20 min</div> </tD> <tD VALIGN=TOP><NOBR><div> Uniform Commercial Code</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Outline the provisions of the Uniform Commercial Code and analyze the implications of this law.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 66 WIDTH="47"><div> 40 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Ratios</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="66" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Calculate the following types of financial ratios: Current (liquidity) ratios, debt ratios, profitability ratios, growth ratios, valuation ratios, and cash on cash ratios.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 15 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Financial statements</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Differentiate between informal and formal financial statements.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 49 WIDTH="47"><div> 15 min</div> </tD> <tD VALIGN=TOP><NOBR><div> Comparisons of properties</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Understand three types of comparisons used for properties: Per unit values, per square foot valuation, and gross rent multipliers.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 49 WIDTH="47"><div> 40 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Appraisal approaches</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="49" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Determine the value of a property utilizing the three common appraisal approaches: Market date, cost and income.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 15 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Capitalization rate</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Analyze the elements that go into determining a capitalization rate.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 66 WIDTH="47"><div> 40 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Time value of money</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="66" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Complete mathematical calculations utilizing some common measures of the time value of money, including compound interest, present value and internal rate of return.</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="47"><div> 15 min</div> </tD> <tD VALIGN=TOP WIDTH="187"><div> Compute advances in commercial real estate</div> </tD> <tD VALIGN=TOP WIDTH="7"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="7" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="280"><div> Illustrate how computer advances in commercial real estate will affect the future.</div> </tD> </tR> </TABLE></div> <bR> <bR> </td> <td valign="top" rowspan="2" width=119 style=" border-left: 1px solid #FF0000;" BGCOLOR="#FFFFFF" TEXT="#080000"> <bR> <bR> <div> <A HREF="id90.htm" TARGET="_top" TITLE="Free Course Demonstration Florida"><B>FREE</B></A></div> <div> <A HREF="id90.htm" TARGET="_top" TITLE="Free Course Demonstration Florida"><B>DEMO</B></A></div> <bR> <bR> <div> <A HREF="id67.htm" TARGET="_top" TITLE="About the School Florida"><B>About the School</B></A></div> <bR> <bR> <div> <A HREF="mailto:CEO@a24hour.com" TARGET="_top" TITLE="mailto:CEO@a24hour.com"><B>Send E-Mail</B></A></div> <div> <A HREF="mailto:CEO@a24hour.com" TARGET="_top" TITLE="mailto:CEO@a24hour.com"><B>to School</B></A></div> <bR> <bR> <bR> <div> <A 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