With real estate prices at their lowest in years and the economy poised for a rebound, itas 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 ac Quickly size and under write a basic commercial real estate loan ac Prepare a personal cash flow statement and calculate true net worth and liquidity ac Read and interpret a lenderas preliminary loan proposal ac Create a Schedule of Real Estate Owned ac Prepare a persuasive and professional loan request package ac Choose the right form of ownership (including LP, LLC, Co-tenancy and others) ac And more Both thorough and timely, Commercial Mortgages 101 reveals what readers need to ensure their loans are approved.... 76 retail example of, 77 summary of, 66, 72a80 historical income and expenses, 66 historical property data, 65a66 ... gross, 116, 119 gross potential, 37 historical, 66 miscellaneous, 67 net, 116 net operating, see net operating income primary, 53, ... 159a160 lenders, see commercial real estate lenders letter of intent, 26 letter of interest (LOI), 46a47, 81a82 leverage limits, 28a29 liability 208 Index I J K L.
Title | : | Commercial Mortgages 101 |
Author | : | Michael REINHARD |
Publisher | : | AMACOM Div American Mgmt Assn - 2010-05-14 |
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