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How a project actually gets built — site control, zoning and entitlements, pro forma basics, the capital stack, and community benefit that holds up.
Sections
Read it or listen to it, then clear the section test. Sections open one at a time.
Section 1
Development starts with the right to control a parcel, not with owning it. An option agreement or a contract with a long due diligence period lets you spend months on zoning, envir… Join free to read, listen, and test.
Section 2
A pro forma projects income and cost. Net operating income is gross potential rent, minus vacancy and collection loss, minus operating expenses — before debt service. It is the num… Join free to read, listen, and test.
Section 3
The capital stack is the order in which money gets repaid: senior debt first, then mezzanine or subordinate debt, then preferred equity, then common equity last. The last position … Join free to read, listen, and test.
Course test
Members take a 6-question test at the end of this course. Score 80% or higher and a certificate of completion is issued to your account.
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