The instruments, techniques, and institutions of real estate finance; sources of funds; mortgage risk analysis: emphasis on typical policies and procedures used in financing of residential, industrial, and commercial properties.
Athena Title
Real Estate Finance
Prerequisite
Any 4000-level FINA course or REAL 4000 or REAL 4000E or REAL 4000H
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
By the end of the course students will be able to differentiate among mortgage loan structures (fixed-rate, adjustable-rate, fully amortizing, interest-only, negative amortization) and evaluate their suitability for different borrowers and properties.
By the end of the course students will be able to apply time value of money concepts to calculate loan payments and balances, compare financing alternatives, value commercial real estate properties and evaluate real estate investments.
By the end of the course students will be able to evaluate mortgage risk and underwriting criteria using quantitative and qualitative tools.
By the end of the course students will be able to interpret quantitative results in real estate finance and draw conclusions that connect empirical findings to academic research and industry practice.
By the end of the course students will be able to collaborate effectively in teams to complete real estate finance projects, demonstrating accountability, professional communication, and the ability to integrate diverse perspectives.
Topical Outline
Notes and Mortgages
Interest Rates
Fixed Rate Mortgages
Adjustable Rate Mortgages
Comparing Financing Alternatives
Underwriting
Secondary Mortgage Markets
Leverage
Alternative Financing Structures
Derivatives
Institutional Competencies Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
