Finance for Real Estate Development None Edition

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Great overview of key concepts in financing real estate development. Some topics confirmed what what I know. Some definitely expanded my knowledge.The examples were relevant and illuminating.

Solid advice was expecting more on the subject

I'm studying affordable housing and this book was enormously helpful! You can't really understand why something costs so much (or so little) without understanding the finances supporting the final price. Long breaks down all the different costs and ways that developers pay for them with many real world examples. It's not rocket science, but finance does have it's own language and Long does an excellent job of translating for the newbie.

Great book for learning the full development cycle, from concept, to design and construction, and knowledge of the variety of capital markets and funding sources available to developers. Highly recommend.

Good overview of development finance and equity requirements. Realistic view and good advice for anyone in the real estate development/investment industry. Uncommonly accurate in this genre.

This book has been a solid introduction to real-estate finance; but has a noticeable number of mathematical errors in the examples/tables/spreadsheets; and in some cases, fails to fully explain how certain numbers are derived--which, if you're trying to learn how real-estate financial modeling works--is important. But all in all, it was an acceptable introduction to the subject. (I found I learned the modeling stuff I needed on the website "Adventures in Commercial Real Estate".)

Finance for Real Estate Development is a well written primer for people interested in attaining a working understanding of the subject. The graphics clearly illustrate the concepts they support without leaning on technicolor entertainment images. This is not a book that dwells on the esoteric details or shows every permutation of how a deal might be modelled and underwritten. It will give the thoughtful reader the language and skills to build or navigate a pro forma, assess opportunities, and think critically about project proposals they encounter.The bottom line is: if you want to learn the core concepts of how real estate capital works and don't want to wade through a 500 page high gloss paper textbook that costs hundreds of dollars and has a fancy DVD insert you won't use, this is your book.