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Course Description

Real estate investment is a popular way to accumulate wealth, but you don’t have to be rich to get started. That’s because there are many ways to finance real estate investments to raise the equity you need and structure debt beneficially. In this course, you will explore both sides of the financing equation to understand what equity and debt partners want, how to structure financing for a high likelihood of approval and rate of return, and how to perform analyses that are critical to success. Not only will these analyses upgrade your skills, the sophisticated spreadsheet tools you use can be applied immediately to real-life opportunities.

You are required to have completed the following course or have equivalent experience before taking this course:

  • Real Estate Investment Decisions

Faculty Author

Jan deRoos, Associate Professor and HVS Professor of Hotel Finance and Real Estate, The Hotel School, Cornell University

Benefits to the Learner

  • Calculate the cash flow distribution "waterfall" that is part of the promote structure of profit sharing in a private equity deal
  • Model duration to clarify the timing of cash returns and determine the modified internal rates of return (IRR) on real estate investments
  • Determine the size of the mortgage that meets the needs of lenders and investors
  • Calculate the true costs of mortgage loans, taking into account a wide range of possible fees and features

Target Audience

  • Professionals with financial or operational responsibility for real estate, investments, or financing
  • People working for (or aspiring to work for) real estate funds, REITs, real estate developers, or real estate advisory firms
  • Asset management professionals

Accrediting Associations

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The Hotel School, Cornell University
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