This series of 13 interactive, web-based courses provide a comprehensive study of commercial real estate (CRE) lending. The series begins with a description of CRE loan types, then progresses through an understanding of the underwriting process, leases, appraisals, loan structures and related risks.
CRE Lending Overview
Drivers of Performance
Underwriting Different Types of Commercial Properties
Underwriting Example Calculations
Due Diligence and Documentation
There are 13 courses included in the complete Commercial Real Estate Lending Decision Process (Full Curriculum). Approximate time to complete all courses and modules in the curriculum is 19 hours.
What You’ll Learn
After completing this course, students will be able to:
Understand the drivers of CRE loan performance, complete a performance checklist and explain which drivers are the most critical.
Determine best practices for CRE underwriting, explore the components of the underwriting process and construct a basic CRE Cash Flow Statement for an office property.
Identify property characteristics and underwriting considerations, analyze key differences in income and expenses and explain gross vs. triple net rent structures.
Complete NOI calculations, calculate the value based on the cap rate, calculate LTV, DSC, and supportable loan amounts and complete stress testing and sensitivity analyses.
Explain which valuation approach is most relevant and complete an Appraisal Review Form.