Commercial Real Estate Finance
By taken this course:
• Recognize and explain common financing terminology that is used in
conjunction with commercial real estate financing.
• Understand the sources of CRE finance for the different property types of construction and permanent loans.
• Be able to recognize the proper borrower/guarantor structures and understand their importance to the overall financial structure of a loan.
• Know what information is essential for underwriting a construction loan request and how to use that information to quantify the loan amount using economic tools and ratios. This includes how interest rates and capitalization rates are determined.
• Understand the different types of approval processes used by lenders to put them in a position to legally commit, in writing, the determined funds for acquisition or construction.
• Recognize the important aspects for closing the loan to make it legally binding on all parties and make the funds available to the borrower.
• Be able to understand the loan administration process and the risks the lender is taking compared to that of the borrower, as well as the pitfalls of loan administration and the ways to avoid them.
• Understand the specifics of mini-perm conversions and why/when they are used, as well as the economic terms that are required for this conversion.
• Know the basics of permanent loans and how, as well as why they differ in structure from construction loans, as well as the different situations where they are used.
• Understand the role of the mortgage banker in CRE permanent lending and how they play a vital role in getting the loan closed.
• Understand how the permanent lender's loan guidelines differ from those of a construction lender, as well as background and reasoning for why they differ.
Instructor: Mike Shultz
|Event Date||11-03-2017 1:00 pm|
|Event End Date||11-03-2017 6:00 pm|
|Individual Price||$115 Members/$135 Non-Members|