Educational Resources

Commercial Real Estate Loan Underwriting Manual

Table of Contents (all files are in PDF format)

• Four Key Underwriting Ratios
• The Loan-To-Cost Ratio
• Debt Ratios
• Loan Constants
• How Many Dollars Can I Get?
• Operating Expense Ratio
• Net Lease Versus Full Service Lease
• How To Prepare an Apartment Pro Forma
• Sample Apartment Pro Forma Operating Statement
• How to Prepare a Commercial or Industrial Pro Forma Sample Triple Net Pro Forma
• Operating Statement Sample Partial Net Pro Forma Operating Statement
• Cap Rates
• Net-Worth-to-Loan Size Ratio
• Environmental Liability
• The Construction Loan Process
• Site Inspections
• Appraisers
• Loan Proposals
• Loan Placement Matrix
• Glossary

Click here to download complete loan underwriting manual

Commercial Rent vs Own Comparison (pdf)