With real estate prices at their lowest in years and the economy poised for a rebound, it’s an opportune time to invest in commercial real estate. But credit and financing issues can still pose challenges that prospective borrowers must overcome in order to get the money and mortgage terms they need.
Commercial Mortgages 101 is a step-by-step guide for both real estate investors and mortgage brokers, offering insight, practical tools and a thorough overview of commercial mortgage underwriting and credit analysis.
Readers will learn how to:
- Think and speak like a commercial real estate lender
- Quickly size and underwrite a basic commercial real estate loan
- Prepare a personal cash flow statement and calculate true net worth and liquidity
- Read and interpret a lender’s preliminary loan proposal
- Create a Schedule of Real Estate Owned (REO Schedule)
- Prepare a persuasive and professional loan request package
- Choose the right form of ownership (including LP, LLC, Co-tenancy
and others)
- And more
Both, thorough and timely, Commercial Mortgages 101 reveals what you need to know about commercial real estate loans and better still how this knowledge puts you on an even playing field with the professionals. |