Toll Brothers, Inc. Case Study

2. The knowledge is helpful to present potential investors, creditors and others in assessing the amounts, timings, and uncertainty of future cash flows,

Bank B extended the Company a new $15 million term loan (the “New Term Loan”),

* Taking on debt gives the company the ability to use cash for projects and short term investments.

options to obtain the needed capital and how you would approach securing this type of financing.

Gain Understanding of owner/developer issues within Real Estate Finance  Understand tools and methods for evaluating projects  Understand general structure of a project pro forma using multifamily case study  Gain basic ability to construct a project pro forma  Develop initial tools to quantify a project

* A new project idea which requires an investment of $2 mm and will generate total cash flows (including any salvage or terminal value) next year of either $4mm (recession) or $8mm (boom). The firm has not yet raised the cash to make this investment, but the market is aware of the investment opportunity.

Fortunately, there are more than one type of housing that tailor to different needs and wants. For instance, the Regent Park located in Downtown Toronto is used to serve people with financial needs. In some places, such as California and Florida, it is even a law for low-income housing production (Ramsey-Musolf, 2017). However, simply building properties would not solve the issue. Planners should also take into consider why people are not able to afford a property. There has been research show that there is a link between local comprehensive plans and affordability (Jun, 2017). For example, one of the reasons why young adults are living with parents is because of economic pressure. Planners need to consider whether it is appropriate to create commercial areas so that people could have a job close to home and be able to save money for future property purchase. The housing issue has existed for more than a century, it cannot be tackled within a short period of time. Planners should adjust their plans accordingly to solve this issue bit by

Develop an action plan of strategies and tactics to be implemented. Finalize the marketing plan.

As additional part of the covenants the bank placed importance on the net working capital. This could have positive impact to the firm’s future. As the firm is affected by liquidity problems, the covenants on net working capital will make Butler to

2. Continue being a nationally recognized brand name and dominate restaurant operator in the specialty bakery-café segment.

The first property (Carlisle Walk) comes close to meeting some of the requirements; however Mr. Duddy truly wants his business to be close to customers walking by the establishment without having to attract their attention by making his façade flashy. The visibility factor is two stages below what he desires, which would mean that Mr. Duddy would need to advertise to create a consistent traffic flow in his business. The size of the location is also two steps below his needs, so he may find himself wanting more space. The comfort levels reach a small step below the ideal space needed, which in turn would detract away from the willingness for customers to look in and see if they are busy with other customers. The parking situation exceeds his needs, which could cause his customers to be looking for close parking spaces. The second property (Denver Street) has most of the amenities or exceeds the expectations. The closeness aspect is only one step below what he needs, which is an important element. The visibility is lacking dramatically below the scale, which is another vital requirement. The size is just right and fits his needs perfectly and is also a requirement. The image piece is a notch lower than he wishes, the comfort elevates beyond what he is looking for, but would be a beneficial part of expanding his cliental and is important to

First off, the lifestyle community includes resort areas for people who are seeking recreational activities such as golf club, country club, etc. It provides its inhabitant with common amenities and services. Developers of such projects seek to commodify community (Hillier and McManus, 1994). The aim of these community is to create a sense of identity and belonging among the neighbors, thus living a common lifestyle. The second type of gated communities, the prestige communities are communities usually located in a wealthy and attractive locations, and are for rich and famous people who want to be socially exclusive and who are looking to portray a specific image of themselves. According to Blakely and Snyder (1997) there is three main type of prestige communities and they varies based on the degree of prosperity of its residents. Finally, the third and last type of gated communities, the Security zone, are a type of settlements that heavily emphasize on security of its inhabitants by closing streets and restricting public access in order to limit crime and traffic issues. They are usually located in the inner city

Many organizations have maximized the use of cash on hand by effective cash management techniques and the use of short-term financing. This paper will discuss various cash management techniques and short-term financing methods used by organizations.

Capital: The bank needs to know what assets the organization owns that can be quickly turned into cash.

The company has a great working relationships with local banks, which enables them to invest more and have better overdraft options; stated in the 2016 annual report: “In the event that there is an overdraft balance with the bank, the Group and Company have bank overdraft facilities totaling $19,275,000 (2015 - $22,430,000)