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DTSTART;TZID=America/Toronto:20261102T130000
DTEND;TZID=America/Toronto:20261105T160000
DTSTAMP:20260924T173954Z
CREATED:20260702T163952Z
LAST-MODIFIED:20260924T173954Z
UID:10000133-1793624400-1793894400@realpac.ca
SUMMARY:Lending in CRE (2026)
DESCRIPTION:Note: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability. \n  \nThe primary objective of this virtual course is to identify and understand the goals and underwriting methods of real estate lending and explain the rationale behind why varying structures and approaches are used by different lenders. In addition\, the curriculum will include a combination of theory and practice\, providing real-world financing examples from within the Canadian marketplace as well as comparing it with other markets\, together with utilizing a combination of lectures\, interactive panel discussions and business cases to provide students with a fulsome and interactive learning experience. \n\n\n\n\nEligible for Continuing Education Credits with BOMI.\n\n\n\nEligible for Continuing Education Credits with CAAMP.\n\n\n\n  \nCOURSE CONTENT \n\nThe use of debt and financial leverage – identifying what is the right amount\nThe Canadian commercial mortgage market: identifying players\, market size and share by lender type\nHow different lenders lend and why – funding sources\, preferences and motivations\nHow lenders employ financial leverage themselves – the economics behind financial institutions\nIdentifying assets classes by relative volatility and financeability in Canada\nInvestment real estate vs. business (operating) real estate – identifying underwriting differences\nThe 8 C’s of mortgage loan underwriting\nStructuring commercial loans by type: construction\, term and revolver\nIdentifying underwriting metrics and assessing future refinance risks\nFloating vs. fixed – benefits and limitations of each\nBreakage costs: swaps\, yield maintenance and defeasance\nSenior secured vs. senior unsecured – what’s the difference and who qualifies?\nUnderstanding the differences between A/B notes and 1st mortgage/2nd mortgage loan structures\nLoan syndication – where\, how and why?\nMarket downturns and mitigating risk – amendments\, extensions and other loan modifications\nLoan defaults and foreclosure – understanding lenders’ options\, rights and remedies\nLessons learned from the past – both from locally and abroad\nWhere are we now? Current and emerging market trends\n\n  \nKEY LEARNING OUTCOMES \n\nClearer knowledge of the general goals of employing leverage\nFamiliarity with the skills and experience required of being a lender\nGreater awareness of the rationale and benefits and limitations of different loan structures and features\nAbility to calculate key performance metrics used by lenders in underwriting a loan\nBetter understanding of the Canadian lending landscape\, who the major players are and how and why they lend\n\n  \nWHO SHOULD ATTEND \nThis course will be relevant to the following lender types: \n\nCommercial and corporate banks\nInsurance companies\nPension funds\nTrust companies\nCredit unions\nPrivate lenders and other non-bank financial institutions\nMortgage investment corporations and mortgage REITs\nForeign lenders\nCMBS and conduit lenders\n\nIn addition\, the course will be of interest to the following real estate and lending industry participants: Property owners\, investors and developers\, mortgage and property brokers\, mortgage and loan servicers\, asset managers\, appraisers\, lawyers\, accountants\, financial regulators\, among other types of stakeholders. \nPlease Click Here for a Manager Justification Letter \n  \nINSTRUCTOR \nDan Simunac\, Co-Chief Executive Officer\, Stonebridge Financial Corporation \n  \nCOURSE FEES \n\nREALPAC Member Company*: $1\,095.00\nNon-Member Company: $1\,195.00\n\n*To determine if your company is a REALPAC Member\, click here. \n  \nCANCELLATION POLICY \nREALPAC reserves the right to cancel course offerings based on low attendance numbers for 100% refund on registration fees only. Participant cancellations must be received in writing\, at least five business days prior to the event for a 75% refund. Substitutions are permitted. \n  \nNOTE \nTo maintain privacy and foster active participation\, the use of AI tools such as Otter or Fireflies for personal recording or note-taking will not be permitted at any REALPAC virtual event. Any unauthorized AI or automated notetakers identified will be promptly removed. REALPAC\, as the event host\, may use its own authorized tools for documentation purposes. Thank you for your understanding and cooperation. \n  \nREGISTRATION \n\nTo take advantage of Member Pricing on our events\, login to your account .\nIf you don’t have a member account\, register at realpac.ca/account.\n\nNote: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability.
URL:https://realpac.ca/event/lending2026/
LOCATION:Virtual Event
CATEGORIES:Education Courses
ATTACH;FMTTYPE=image/jpeg:https://realpac.ca/app/uploads/2025/01/2025_Ed_Banner_Lending.jpg
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BEGIN:VEVENT
DTSTART;TZID=America/Toronto:20261116T130000
DTEND;TZID=America/Toronto:20261119T160000
DTSTAMP:20260902T144959Z
CREATED:20260119T194058Z
LAST-MODIFIED:20260902T144959Z
UID:10000104-1794834000-1795104000@realpac.ca
SUMMARY:Proforma (2026)
DESCRIPTION:Note: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability. \n  \nThis course will cover the proforma as your road-map to making informed feasibility decisions on development projects and tracking from commencement to completion. Participants will be led through the step-by-step construction and manipulation of an industry-accepted commercial office and residential investment pro forma. \nCOURSE CONTENT \n\nIdentify the relevant project data required to begin crafting a pro forma\nAssess/Estimate Cost Inputs:\nProject Revenue Inputs:\nBuild Operating Cost Statement:\nBuild Cash Flows\nValuation\nSensitivities Analyses\nProject Sign-offs:\nDevelopment Management:\nAssess/Estimate Cost Inputs:\nProject Revenue Inputs:\nCondo Fees and Taxes\nBuild Cash Flows\nValuation\nSensitivities Analyses\nProject Sign-offs\n\nKEY LEARNING OUTCOMES \nHow to undertake due diligence and assess in detail the feasibility and valuation of a commercial and residential development project pre and post construction by building and using an XL pro forma that accounts for: \n\nLand and related cost\nZoning and Site Plan\nDesign\nTiming\nConstruction\nSoft Costs\nFinancing\nLeasing\nCash flows – Development and Operating\nOperating statements\nValuation methods and investment strategy\nPartnership models\nSensitivity analyses at multiple data points\nTracking from commencement to completion\n\nHow to construct a pro forma to provide: \n\nBoth detailed analyses and quick sensitivity analyses\nStructuring to provide for partnership models and hurdles\nAssessing financing alternatives\nUnderstanding the impact of key variables on overall costs\, revenues and returns\nIdentify common misses and errors\nUnderstanding the key differences between a commercial leasing project and a residential condo project pro forma\n\nINSTRUCTOR \n\nAndrew Kidd\n\nCOURSE FEES \n\nREALPAC Member Company*: $795.00\nNon-Member Company: $895.00\n\n*To determine if your company is a REALPAC Member\, click here. \nCANCELLATION POLICY \nREALPAC reserves the right to cancel course offerings based on low attendance numbers for 100% refund on registration fees only. Participant cancellations must be received in writing\, at least five business days prior to the event for a 75% refund. Substitutions are permitted. \nNOTE \nTo maintain privacy and foster active participation\, the use of AI tools such as Otter or Fireflies for personal recording or note-taking will not be permitted at any REALPAC virtual event. Any unauthorized AI or automated notetakers identified will be promptly removed. REALPAC\, as the event host\, may use its own authorized tools for documentation purposes. Thank you for your understanding and cooperation. \nREGISTRATION \n\nTo take advantage of Member Pricing on our events\, login to your account .\nIf you don’t have a member account\, register at realpac.ca/account.\n\nNote: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability.
URL:https://realpac.ca/event/proforma2026/
LOCATION:Virtual Event
CATEGORIES:Education Courses
ATTACH;FMTTYPE=image/jpeg:https://realpac.ca/app/uploads/2026/01/2025_Ed_Banner_Proforma.jpg
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DTSTART;TZID=America/Toronto:20261123T130000
DTEND;TZID=America/Toronto:20261126T160000
DTSTAMP:20260924T173958Z
CREATED:20260702T171021Z
LAST-MODIFIED:20260924T173958Z
UID:10000134-1795438800-1795708800@realpac.ca
SUMMARY:Finance & Investment in CRE (2026)
DESCRIPTION:Note: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability. \n  \nThe market for commercial real estate investment continues to evolve and integrate with broader investment and capital markets. This course combines theory and industry practice to examine current topics and emerging issues in the increasingly complex world of real estate finance and investment. \nThe primary objective of the virtual course is to introduce tools and refine concepts and techniques that will improve investment\, financing and risk management decisions. The course will explore both the “micro-level” pertaining to individual properties and deals\, and “macro-level” portfolio and investment management considerations. It is designed to be interactive\, with attendees encouraged to participate during lectures and case studies. \n\n\n\n\nEligible for Continuing Education Credits with BOMI.\n\n\n\n  \nCOURSE CONTENT\n \n\nThe evolution of real estate as an asset class\nReal estate capital market perspectives\, trends and emerging innovations\nStructuring the financing of property investment: the “capital stack”\nInvestment analysis and valuation of existing (built) properties\nRatio and discounted cash flow techniques: cap rates and discount rates\nCommercial mortgage capital sources and mortgage underwriting\nDebt financing: impact on risk\, return and valuation over the cycle\nFinancial analysis of real estate development projects\nThe role of real estate in modern mixed asset portfolios\nPublic versus private market pricing of real estate equity\nAssessing\, pricing and managing real estate investment risk\n\n\n  \nWHO SHOULD ATTEND \n\nCommercial real estate professionals with some exposure to finance\, investment and/or valuation\nProfessionals interested in a more in-depth treatment of the concepts and applications critical to the finance and investment function\nProfessionals who specialize in more singular (yet related) functional areas (such as finance\, acquisitions\, accounting\, development)\nProfessionals who are keen to explore cutting edge analysis and be exposed to the finance & investment function’s broader context and how it integrates into the larger business\n\nIt is expected that participants will have a basic understanding of time value of money concepts and be somewhat familiar with the use of a financial calculator (and/or the finance functions in MS-Excel). \nPlease Click Here for a Manager Justification Letter \n  \nKEY LEARNING OUTCOMES \n\nExplain why and how institutions invest in real estate\nValue income property using a variety of metrics\nAppreciate the importance of “below NOI” line items in pro formas\nUnderwrite a commercial mortgage loan\nRelate cap rates to discount rates\, bond yields and property income growth\nLink investors’ expected equity returns to property level returns\, debt costs and leverage amount\nQuantify the incremental risks associated with the use of debt financing\nUnderstand CMBS\, CRE CDOs and mezzanine debt and their roles in the credit crisis\nCalculate the incremental cost of additional layers of debt financing\nDerive a net present value and IRR for a development project\n\n  \nINSTRUCTOR \n\nDr. Jim Clayton\, Professor & Timothy R. Price Chair\, Brookfield Centre in Real Estate & Infrastructure\, Schulich School of Business\, York University\n\n  \nCOURSE FEES\n \n\nREALPAC Member Company*: $1\,095.00\nNon-Member Company: $1\,195.00\n\n*To determine if your company is a REALPAC Member\, click here. \n  \nCANCELLATION POLICY \nREALPAC reserves the right to cancel course offerings based on low attendance numbers for 100% refund on registration fees only. Participant cancellations must be received in writing\, at least five business days prior to the event for a 75% refund. Substitutions are permitted. \n  \nNOTE \nTo maintain privacy and foster active participation\, the use of AI tools such as Otter or Fireflies for personal recording or note-taking will not be permitted at any REALPAC virtual event. Any unauthorized AI or automated notetakers identified will be promptly removed. REALPAC\, as the event host\, may use its own authorized tools for documentation purposes. Thank you for your understanding and cooperation. \n  \nREGISTRATION \n\nTo take advantage of Member Pricing on our events\, login to your account .\nIf you don’t have a member account\, register at realpac.ca/account.\n\nNote: Course offerings are subject to minimum enrollment. We encourage early registration\, as REALPAC will confirm whether the course will proceed approximately two weeks in advance of the course date. Registration will remain open afterward\, subject to availability.
URL:https://realpac.ca/event/financeinvestment2026/
CATEGORIES:Education Courses
ATTACH;FMTTYPE=image/jpeg:https://realpac.ca/app/uploads/2025/01/2025_Ed_Banner_FinanceInvest.jpg
LOCATION:https://realpac.ca/event/financeinvestment2026/
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