ARCHITECTURE
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IF3213	Real Estate Finance	Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Non-Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi BAHAR KÖSEOĞLU
Course Lecturer(s):	Prof. Dr. ASLI YÜKSEL
Recommended Optional Program Components:	None
Course Objectives:	This course deals with the central issues in real estate finance and investment. Typical policies and procedures used in financing of residential, industrial, and commercial properties are discussed. When the students successfully completed this course, they should be able to understand many aspects of residential real estate, such as the process by which capital investments are made in real property, and to assess some of the issues facing the real estate finance and investment community.

Learning Outcomes

The students who have succeeded in this course;
I. Learns types of mortgages used in real estate financing
II. Calculates cost of loan to the borrower
III. Learns how payment structure of a loan changes as economic environment changes
IV. Calculates risk and return of investments in real estate
V. Compares different financing alternatives for residential properties
VI. Analyses homeownership as an alternative to renting.
VII. Learns underwriting process
VIII. Calculates value of the income properties
IX. Applies financial analysis techniques within a real life environment

Course Content

real estate financing, mortgages, risk and return of investments in real estate, underwriting process,

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	The Interest Rate Factor in Financing	To read the related chapter in the text book
2)	Fixed Rate Mortgage Loans	To read the related chapter in the text book
3)	Adjustable Rate Mortgages	To read the related chapter in the text book
4)	Adjustable Rate Mortgages	To read the related chapter in the text book
5)	Residential Financial Analysis	To read the related chapter in the text book
6)	Review	To read the text book and lecture notes for the exam
7)	Single Family Housing	To read the related chapter in the text book
8)	Underwriting and Financing Residential Properties	To read the related chapter in the text book
9)	Introduction to Commercial Property Markets	To read the related chapter in the text book
10)	Real Estate Valuation	To read the related chapter in the text book
11)	Real Estate Valuation	To read the related chapter in the text book
12)	Review	To read the text book and lecture notes for the exam
13)	Investment Analysis	To read the related chapter in the text book
14)	Financial Leverage and Financing Alternatives	To read the related chapter in the text book

Sources

Course Notes / Textbooks:	Textbook / Required Material Brueggeman, William B. and Jeffrey D. Fisher. 2008. Real Estate Finance and Investments. McGraw Hill/Irwin, Thirteenth Edition.
References:	None

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	2	% 60
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Workload
Course Hours	15	41
Study Hours Out of Class	15	50
Midterms	2	3
Final	1	2
Total Workload		96

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Using the theoretical/conceptual and practical knowledge acquired for architectural design, design activities and research.
2)	Identifying, defining and effectively discussing aesthetic, functional and structural requirements for solving design problems using critical thinking methods.
3)	Being aware of the diversity of social patterns and user needs, values and behavioral norms, which are important inputs in the formation of the built environment, at local, regional, national and international scales.
4)	Gaining knowledge and skills about architectural design methods that are focused on people and society, sensitive to natural and built environment in the field of architecture.
5)	Gaining skills to understand the relationship between architecture and other disciplines, to be able to cooperate, to develop comprehensive projects; to take responsibility in independent studies and group work.
6)	Giving importance to the protection of natural and cultural values in the design of the built environment by being aware of the responsibilities in terms of human rights and social interests.
7)	Giving importance to sustainability in the solution of design problems and the use of natural and artificial resources by considering the social, cultural and environmental issues of architecture.
8)	Being able to convey and communicate all kinds of conceptual and practical thoughts related to the field of architecture by using written, verbal and visual media and information technologies.
9)	Gaining the ability to understand and use technical information about building technology such as structural systems, building materials, building service systems, construction systems, life safety.
10)	Being aware of legal and ethical responsibilities in design and application processes.