Construct a robust real estate financial model from scratch and use it to assess the financial risk and return profile of a geared investment project with debt finance techniques.
This course is aimed at financial analysts working for for banks, real estate consultancies and property consultancies seeking a best practice approach to building robust real estate debt models.
Delegates will learn to construct a discounted cash flow model for senior debt and mezzanine finance and perform stress tests for the investment and lending decisions. Delegates will also learn credit fundamentals which will enhance their property lending analysis and underwriting processes.
Who should attend this course:
The Real Estate Debt Finance courses are suitable for those willing to develop their debt origination modelling skills. This is a course aimed at experienced professionals and modellers who would like to improve their debt finance understanding and modelling expertise to the next level and comply with credit underwriting criteria.
Details
Duration: 2 daysLocation: LondonCPD Hours: 16Level: IntermediateMaximum number of delegates: 6
Content
Day 1
Sources of Funds & Lending Criteria
Insurance companies and pension fundsClearing banksMerchant banksMezzanine finance houses
Debt Covenants & Calculations
Operational Covenants: asset maintenance, disclosure requirements, insurance and credit line
Financial Covenants: interest cover ratio, debt service coverage, loan to value
Senior Debt Financial Modelling
Debt Modelling
Interest Only
Constant Amortisation
Constant Repayment
Rolled-Up Interest
Cash Sweep
Cash Trap
Revolving Facilities
Case study: office building debt lending in the UK (I)
Day 2
Mezzanine finance
Modelling mezzanine structures
Overview of inter-creditor agreements
Mezzanine interest and fees
Debt Prioritasiation
Modelling cash flow waterfall
Coupon and capital repayment schedule and prioritisation
Maximum loan amount
Credit Analysis
Stress test
Capital adequacy calculations
Case study: office building debt lending in the UK (II)
Cash, American Express, Mastercard, & Visa.
Will Call is located at the Box Office.
Box Office Telephone: 323-468-1770
The Pantages Box Office opens daily at 10am. NO ONE UNDER THE AGE OF 5 ADMITTED
There is no elevator in the Pantages Theatre. Disabled seating is reserved for the exclusive use of the disabled patron and their companion. The purchase or use of disabled seating locations by non-disabled individuals is strictly prohibited and may result in ejection and/or forfeiture of the ticket price.
Cash, American Express, Visa, MasterCard, Discover. ATM machines are located in Chase Square.
Pick-up tickets anytime the day of the show during box office hours (see above). Customers must present the actual credit card used to place the order and a picture ID. MSG cannot accept third party or “drop offs” from individual patrons.
General Info: (212) 465-MSG1 (6741) or (212) 247-4777 Knicks Information: 1(877) NYK-DUNK. Rangers Fan Line: (212) 465-4459. Liberty Hotline: (212) 564-WNBA (9622). Season Subscriptions: (212) 465-6073. Disabled Services: (212) 465-6034 Guest Relations: (212) 465 - 6225 Group Sales: (212) 465-6100 Lost and Found: (212) 465-6299
Monday - Saturday: 10:00am to 6:00pm **Tickets are not on-sale at the Box Office on the first day an event goes on-sale** The Box Office will be open at 10:00am daily or 90 minutes before the 1st performance of the day, whichever is earlier and will stay open until 8:00pm or 30 minutes after the last performance of the day begins, whichever is later. Sunday – Closed If an event takes place on Sunday, Box Office will open 90 minutes before the event start time and remain open 1 hour after event start time for Will Call and tickets sales for the evening's event only.
MSG WHEELCHAIR AND TRANSFER SEATING POLICY: Wheelchair and Transfer seating is reserved exclusively for patrons with accessible needs and their companions. Accessible seating is intended for use by an individual with a mobility disability or other disability who requires the accessible features of accessible seating due to a disability, and that individual's companions. Madison Square Garden (MSG) reserves the right to investigate potential misuse of accessible seating and to take all appropriate action against individuals who fraudulently obtain tickets for accessible seating. While tickets for accessible seating legitimately purchased for the use of an individual with disability may be transferred to another individual under the same terms and conditions applicable to other tickets, in the event such ticket is transferred to a non-disabled individual, MSG reserves the right to transfer that individual to other available seating TO ORDER WHEELCHAIR AND TRANSFER SEATING: Tickets for people with accessible needs, subject to availability, may be purchased in several ways: 1) Call Ticketmaster at 866-858-0008 2) Call MSG's Disabled Services Department at (212)465-6115. 3) Visit Madison Square Garden's Box Office (see box office hours above) 4) Order Online with Ticketmaster (select your event from the list to the left) For additional information regarding accessibility at Madison Square Garden or to request any other accommodations, please call MSG's Disabled Services Department at (212) 465-6115 any weekday between 9:30am-4:30pm ET. Service Animals Pets are not permitted at Madison Square Garden. MSG has very specific policies related to service and emotional support animals. Please visit www.thegarden.com to obtain more information for admitting your animal. Assistive listening devices (ALDAs) are available upon request. Please visit the Guest Experience Office across from section 117 for assistance. There is no charge for this service, however some form of identification will be requested and returned to you, once the device is checked back in. Wheelchair Storage: For patrons who wish to transfer to a seat from their wheelchair, we will store your mobility device at the Guest Experience Office. You will receive a claim check for your device. Wheelchair Escorts to Seats: Patrons with mobility impairments who do not have access to a wheelchair may request a wheelchair to transport the individual to/from their seat, free of charge. Please be aware that our personnel cannot remain with you during the event, nor will they allow you to remain in or keep the wheelchair for the duration of the event. In the event a patron requires the use of a wheelchair for the duration of the event, we recommend bringing your own wheelchair or other mobility device. The escort pick-up area is located on the South (toward 31st) side of Chase Square at elevator alcove. Please allow for extra so that you may be accommodated prior to the event start. Simply ask a Guest Experience Representative or a MSG Security Guard for assistance. Elevators: Public elevators are available for use by guests with disabilities and service every seating level
The Box Office accepts cash only for Chicago Bears games. Soldier Field games accept Visa, Mastercard, American Express, Cash.
Chicago Bears events: Tickets may be picked up at the Will Call Window outside of Gate 10, 2 hours before the event. Gate 10 is located on the southeast side of Soldier Field. Customers must have the actual credit card, picture ID and the confirmation number to receive their tickets. Soldier Field events: Will Call is available on the day of the event only. Government issued photo i.d. and the credit card used for the purchase will be required to claim tickets. Typically will call opens 90 minutes to an hour before the scheduled event.
For non Bears events please call (312) 235-7000
Chicago Bears ticket office is available by phone Monday-Friday 8am-5pm CST. The Soldier Field Box Office is open only on game days, their phone number is (312) 235-7000.
Accessible Seating Information for Chicago Bears games: For Chicago Bears accessible seating please purchase the best available seating and contact the Chicago Bears at 847-615-2327 for an exchange after purchase is complete. Accessible Seating Information for Other Soldier Field events: Accessible seating is available through Ticketmaster. Do NOT contact the Chicago Bears for accessible seating information on non-Bears events at Soldier Field
Thursday 16th January 2020 | 7pm
Evening Lecture with Jonathan Silverton, ‘Dinner with Darwin: Food, Drink and Evolution’
All food is the product of evolution and diet has shaped our own evolution, too. Delving beneath these simple facts produces plenty to wonder at. One puzzling fact is that though we are mammals nurtured on milk, 70% of us worldwide cannot digest milk as adults. Evolutionary biology provides the answers to such puzzles. Jonathan Silverton is Professor of Evolutionary Ecology in the Institute of Evolutionary Biology at the University of Edinburgh.
Cash, Visa, AMX, and MC accepted at box office.
Location: Box Office Hours: 1 hour before event begins, closes 1 hour after start of event. Anaheim Ducks games: 1 1/2 hours before game begins, closes 1 hour after start of game
(714) 704-2500
Monday through Friday 10am to 3pm. The box office will remain open through the beginning of weeknight events. On event Saturdays and event Sundays, the box office will open three (3) hours prior to the event, and remains open through the beginning of the event. For any questions, please email contactus@hondacenter.com
Wheelchair accessible seating is available in most areas of Honda Center including Plaza, Terrace and Club. Availability of locations is dependent upon event seating configuration. For availability and exact locations based on a particular event, please contact the Honda Center box office at (714) 704-2500 or Ticketmaster by calling (800) 745-3000, by visiting a Ticketmaster Retail Outlet, or by requesting tickets online. Hearing Impaired Guests: Assistive listening devices are available, with a picture ID as a deposit, at the Guest Services Desk located at Section 215. Sign Language Interpreters can be provided by Honda Center. Request must be received at least 48 hours (business days) prior to the event you are attending. For details, please call (714) 704-2431 or (714) 704-2441.