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Palm Beach State College - Fall 2012 | ||
Section 166590 | ||
 | Construction Funding: The Process of Real Estate Development, Appraisal, and Finance (4th Edition) by Nathan S. Collier (Founder And Owner Of Paradigm Properties, Don A. Halperin, Courtland A. Collier Hardcover, 544 Pages, Published 2007 ISBN-10: 0-470-03731-8 / 0470037318 ISBN-13: 978-0-470-03731-7 / 9780470037317 A pro forma is a projected operating statement, that is, a forecast of how the project will perform. Of necessity, it involves assumption piled on top of assumption. Rents, lease-up rates, occupancy rates, operating expenses, and interest rates must all be forecasted. Relatively slight changes in | |