DeliverShockproof! Training Yourself, and upcoming events
The
Income Capitalization
Approach
existing
or "what if" cash
flow?
Target
Audience
This
short training course is
for both relatively new
commercial real estate analysts
and lenders as well as for
experienced analyst and
lenders who need to refresh
their understanding of a)
the income capitalization
approach to establishing
market value and b) the
use and misuse of stabilized
NOI or cash flow in the
credit decision process.
Explore
the benefits and limitations
of each standard approach
to establishing market
value for an income producing
property with specific
focus on the income capitalization
approach;
Review
the use of estimates and
the critical role of the
appraiser's judgment in
establishing market value
using any of the standard
valuation approaches;
Examine
the derivation and use
of the capitalization
rate and its application
in establishing the investment
value of an income producing
property;
Determine
the amount of interest-bearing
debt an income producing
property can support from
existing, rather than
stabilized, net operating
income;
Review
and understand the basic
conflict between the primary
focus of an appraisal
report and the primary
focus of the lender in
using appraisal report
information to reach a
credit decision; and
Examine
the essential issue of
properly identifying and
assessing property cash
flow in reaching a credit
decision.
Course
Materials
Credit Refresher
on The Income Capitalization
Approach
Excerpts from Columbia
Pike Appraisal Report
Online
Quick Quizzes
Online
Closure Questions
Upon
Completion
Participants who successfully
complete the workshop will
be able to:
Understand
the benefits and limitations
of each standard approach
to establishing market
value for an income producing
property with specific
focus on the income capitalization
approach;
Understand
the use of estimates and
the critical role of the
appraiser's judgment in
establishing market value
using any of the standard
valuation approaches;
Understand
the derivation and use
of the capitalization
rate and its application
in establishing the investment
value of an income producing
property;
Estimate
the amount of interest-bearing
debt an income producing
property can support from
existing, rather than
stabilized, net operating
income;
Understand
the basic conflict between
the primary focus of an
appraisal report and the
primary focus of the lender
in using appraisal report
information to reach a
credit decision; and
Understand
the essential issue of
properly identifying and
assessing property cash
flow in reaching a credit
decision.
How
to Order
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