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(ECON-1024) ECON1 - TEST1 (2) Flashcards | StudBud
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(ECON-1024) ECON1 - TEST1 (2)
(ECON-1024) ECON1 - TEST1 (2)
20 terms
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StudBud Administration
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27 plays
Covers the end of PPT 7 to PPT10
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Broker Capital comes from:
trusts/bonds
private individuals/private investment pools
insurance companies/pension funds
all of the above
2
Credit Unions are considered A-Lenders.
True
False
3
A stress test is either paying the 5 year posted interest rate, or 2% above your bank's rate, whichever's higher.
True
False
4
Let's get this show on the road! Development Affordability is dependent on what you are doing. There are...
Land Acquisition Loans
Building Construction Loans
Site Development Loans
all of the above, and more!
5
Private Lending comes in many forms; the right broker can help you find the right financing options for your project.
True
False
6
The goal of a loan is to...
get money for our development
get money for our development & minimize the cost of lending
get stakes in your developments
7
A Feasibility study needs an accurate determination of what a development can generate in terms of revenue
True
False
8
The BDC(Business Development Bank of Canada) is...
offering money & advice
all of the above
supporting small/medium sized businesses in all industries at every stage
the only Canadian bank devoted exclusively to entrepreneurs
9
Most Personal Loans depend on...
what you put as collateral
personal capital
ROI
10
B-Lenders will lend to low beacon scores, often with high interest rates.
True
False
11
Hiring marketing professionals may cost extra money, but could be better if you don't wish to take on the work yourself.
False
True
12
When completing market research, it's important to look at information such as...
population, growth, employment rates
neighbourhood, cost per sqft, comparable
demographics
all of the above, and more!
13
Marketing Costs are generally at the
the client's expense
the publicist's expense
developer/landlord's expense
all of the above!
14
If we want a truly accurate selling/rental price point we can employ:
all of the above!
a former appraiser
a third party cost consultant with expertise in the area
a real estate agent/broker
15
Monoline Lenders...
have similar approval criteria to A-Lenders
only lend for mortgages
all of the above!
16
A
comparative market analysis
is an examination of similar properties in the same area & what they sold for.
False
True
17
B-Lenders (private financing) have shorter term loans & are more concerned with the equity invested in your project.
False
True
18
For a Building Construction loan, you need more than money. You need...
construction timelines
an overall construction plan+ drawings and specs
all of the above!
itemized budgets
19
Proforma's function is to give a 'go/no go' for a given development financially.
False
True
20
London at a Glance
is a good statistical resource for gathering information for your CMA.
True
False