1. Financing

2. Types of Finance Debt Equity

3. Debt Normally from Banks Amount loaned and interest rate – Depends on risk & developers standing – 65 -70% of project value Security – (floating charge) Bank Fees – Interest – Arrangement Fee – Commitment Fee on unused amount.

4. Equity Financial interest by the investor Availability depends on the markets May provide 100% May undertake to purchase the project.

5. Investment Appraisal Income and capital element Property is not a liquid asset State of the economy

6. Investors Assessment Criteria Economy – local, nationally and global – Interest rates, inflation Marketability Balance sheet of company Track record Qualification & experience of principals Current commitments Risks.