Feb 25, 2024  
2020-2021 Catalog and Handbook 
2020-2021 Catalog and Handbook [ARCHIVED CATALOG]

BUS 348 - Real Estate Finance (3 Credits)

Prerequisite: CIS 101  and BUS 301  or BUS 305  or BUS 333  
This course covers various aspects of the world of real estate finance, including the capitalization (debt and equity) of real property. Topics covered include: legal terms/instruments involved in underwriting/ investment/ lending; an overview of how the real estate capital markets work; key real estate finance terms; real estate and bond math - calculating mortgage payments, time value of money, NPV, and IRR; the role of government in the financing of commercial and residential real estate; sources of private and public capital, including an introduction to REITs, CMOs, and CMBS; and real estate finance decision-making, including generating income property cash flows, creating an opinion of value, measuring investment returns and understanding the risks/rewards of leverage.