Fans of complex numbers rejoice, because there are plenty of them here. Some of the leading financial minds walk builders through the kinds of capital potentially available to builders, the current market conditions, and the general terms and conditions associated with each type of capital. The five presentations below also delve into tools like traditional bank debt, long-term notes and bonds, land banking, project level joint ventures, private equity and other alternative capital sources can all have a place in a builder's capital stack.
Here are the "HLS Boot Camp: Finance" presentations from the 2016 Housing Leadership Summit:
Joe (Phillip) Walsh, Michael P. Kahn & Associates LLC
Brad Foster, managing director, corporate finance, FTI Consulting (panel moderator)
Jamie Pirrello, chief financial officer, UCP, Inc.
Bird Anderson, executive vice president, Wells Fargo
Rodney Montag, CEO & managing partner, RAM Real Estate Capital
Also, check out the video below in which Bird Anderson discusses the current financial market: