Underwriting and Structuring Multifamily Loans
This course provides a comprehensive and practical framework for CRE credit risk assessment and lending decisions. Using multifamily loan exercises in class, learn fundamental credit analysis and underwriting skills. Topics covered include the five Cs of credit, the loan process from initial setup through closing, the setup, income and expense statements, valuation, market analysis, direct capitalization, gross income multipliers, debt service coverage ratio (DSCR), loan to value (LTV), stressing the loan, borrower evaluation, and the capital stack. In addition, discuss how to write a clear, concise credit memo.
You'll Walk Away with
- The ability to underwrite a multifamily loan
- The skills to develop a credit memorandum
- CRE lenders
- CRE mortgage brokers