Kyle Peterdy – Commercial Mortgages – CFI Education

*** Proof of Product ***

---

Exploring the Essential Features of “Kyle Peterdy – Commercial Mortgages – CFI Education”

Commercial Mortgages

Step into the shoes of a commercial mortgage underwriter to unpack the key analysis criteria used in commercial mortgage lending

• Dive into property valuation metrics
• Explore the important property characteristics and how they influence loan structure
• Work through an example mortgage request, including risk rating and pricing

Overview

Commercial Mortgages Course Overview

This Commercial Mortgages course explores the elements determining loan details for income-producing investment properties. Commercial mortgages are used to fund real estate investment ventures. They are important for any credit analyst who wishes to understand issues relevant to real estate financing or would like to specialize in the real estate sector. In this course, we examine key metrics of the real estate lending process and dive into the key underwriting parameters for commercial mortgages. We also work through a realistic client example to understand the inner workings of a commercial mortgage deal. In this case study, we examine a rent roll analysis, risk rating, and the pricing of the loan.  

Commercial Mortgages Learning Objectives

Upon completing this course, you will be able to:

• Examine key property valuation metrics like net operating income (NOI) and capitalization rates, and understand how they relate to the credit analysis process
• Review key property parameters and how they inform the underwriting process
• Work through an example property to see the end-to-end underwriting process
• Understand how key variables drive loan amount, risk rating, credit terms, and mortgage pricing

Who should take this course?

This Commercial Mortgages course is designed for current and aspiring commercial banking professionals in the real estate industry. This course is also a great resource for real estate analysts and commercial mortgage brokers who wish to better understand the real estate underwriting process. This course provides a valuable perspective on a real estate lender’s considerations when structuring a commercial mortgage deal which is vital for lenders, brokers, and advisors.  

What you’ll learn

Introduction
Introduction 
Learning Objectives 
Download Course Files
Commercial Mortgages
Commercial Mortgages 
Commercial Mortgage Organizational Chart 
Types of Commercial Mortgage Transactions 
Types of Commercial Mortgage Lenders
Interactive Exercise 1

Net Operating Income
Net Operating Income
Sensitization – Hypothetical Expenses
Sensitization – Non-Controllable Expenses
Sensitization – Controllable Expenses
Sensitization – Non-Cash Expenses
Net Operating Income – Perspective
Interactive Exercise 2

Cap Rates & Valuation
Capitalization Rates (Cap Rate)
Cap Rates and Valuation
Normalizing the Income Statement
Normalization Example
Cap Rate Direction
Cap Rate Compression
The Impact of Cap Rates
Interactive Exercise 3

Key Underwriting Parameters
Mid-Way Check-In
Key Underwriting Parameters
Model Overview
Environmental Risk
Property Type
Property Type – Test Cap Rate
Property Type – Minimum DSC
Property Type – Test Vacancy
Property Type – Amortization
Tenant Quality
Lease Maturity Profile
Interactive Exercise 4
Building Condition
Building Condition – Amortization
Building Condition – Pricing
Building Condition – Loan Amount
Location
Cash Flow
Guarantees and Access to Capital
Interactive Exercise 5

Pricing & Profitability
Loan Pricing
Risk Rating
Loss Given Default (LGD)
Pricing and Profitability
Interactive Exercise 6

Example Client Case Study
Example Client Case Study
Property Description
Assumptions and Calculations
Tenant Analysis
Risk Rating Tab
Pricing Tab
Summary

Conclusion
Conclusion

Qualified Assessments
Qualified Assessment

Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/