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Recognize and use lease terminology and recognize the cash flow and economic considerations of leases.; Learn how to review commercial property leases, assess the role and scope of an appraisal and identify issues in reviewing appraisals. The final section of this Series 4 will cover environmental assessments.
Produced by the Risk Management Association
CRE-LDP 4.1 – Understanding and Analyzing Leases
CRE-LDP 4.2 – Understanding and Evaluating Appraisals
CRE-LDP 4.3 – Understanding and Evaluating Environmental Assessments
*Only available as a series
What You’ll Learn
Identify economic, legal, and business issues in commercial property leases including key documents, lease terms, and objectives or purposes.
Describe the role of an appraisal in the loan underwriting process, its uses, and its limitations
Identify the key considerations in defining the appraisal problem and determining the scope of work
Determine how valuation concepts are developed and executed in a sample appraisal
Identify key areas of an appraisal to evaluate in the review process and common errors to watch for
Describe the role of an environmental assessment in the loan underwriting process, its uses, and its limitations.
Describe potential environmental risks and ways to mitigate those risks.
Identify key considerations in defining the required level of due diligence.
Evaluate and interpret the findings of a Phase I environmental report.
After completing this series, students will be able to: