Instructor - Roger P. Staiger III

This is a 10 Hour course and costs $95

This course aims to provide you with a thorough knowledge and understanding of the main concepts and practices of finance for investment in commercial Real Estate.

Course Summary

This course aims to provide you with a thorough knowledge and understanding of the main concepts and practices of finance for investment in commercial real estate, including: the design and pricing of different mortgage instruments, and how to compare different mortgage products; commercial mortgages and residential mortgages, and the differences between them; and the secondary mortgage market and the structure and valuation of mortgage-backed securities. In doing so, this course covers: the Financial Analysis of Real Estate, Debt Financing, Effects of Leverage, Valuation Process, Different Forms of Capital, and Understanding of the Real Estate Market.

How do I take this course?

This course delivers 10 hours of video lecture presentations on key topics in business. You can download and print a copy of the presentation slides, and make notes as you follow along. To make it easier to absorb the material, each hour is divided into short segments, of about 15 minutes each. You can watch as many, or as few segments each day, or each week, in your own time. Each segment is followed by a short quiz to help you review, and test yourself about what you have learned. There is also a dedicated chat room for this course, so you can talk, get help, and just be social as you journey through the structures and processes of today's business environment with others online.

Do I get a Certificate of Completion?

Yes. On completion of this course, you will be able to print a Certificate of Completion showing the overall average that you achieved in all of the quizzes. You may be able to take this to your university or college to ask for transfer credits, or to your professional association to see if you can be awarded continuing education credits.

In this first presentation, Roger Staiger introduces real estate in the context of the overall economy, in particular the effect that the Great Recession following the 2008 financial crisis has had on the residential real estate market in the United States.

Here, Roger Staiger introduces a standard Pro Forma model that includes Cash-on-Cash, Input NPV/IRR, and risk. In the process, he spends considerable time showing how different factors can influence cash flow and return.
In this session, you will learn about interest rates, and the various things that need to be taken into consideration when understanding the impact on a financing arrangement, like inflation. Discover the differences in interest rates on different market instruments, like T-Bills, bank loans, and commercial paper.
This session concentrates on the different kinds of risk that are inherent in any investment. It outlines all of the factors that make portfolios attractive ways to distribute risk, but also shows how that can lead to other kinds of risk that need to be dealt with.
In this session of the course, you will explore different kinds of mortgage loans (fixed and variable) and examine the different kinds of risks that are associated with them, such as default risk, interest rate risk, and repayment risk. The session moves on to discuss different kinds of amortization (positive, negative, and partial). It concludes with a consideration of fixed rate, adjustable rate, and price level adjusted mortgages.
This session overviews the common loan provisions in mortgage instruments in the United States. This includes the rights and responsibilities of the parties to a mortgage agreement, as well as what happens to mortgages in the case of transfer, foreclosure, or bankruptsy.
In this session of the course, Roger Staiger summarizes the main approaches to real estate appraisal and valuation.
Here, Roger Staiger discusses the optimal capital structure, risk, and leverage, as well as ways to minimize risk exposure.
This session is called "21st Century Real Estate", including an examination of options and derivative instruments as an introduction to the final session on securitization.
This final session delves into the issues surrounding securitization, the Real Estate Mortgage Investment Conduit, Collateralized Debt Obligations, and issues surrounding rating agencies.

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