Description

In commercial and investment real estate, it’s vitally important the buyer either has the cash or a strong financing to have the ability to close the deal. No money, no transaction. The fundamentals for commercial lending are quite different than for owner-occupied residential properties. In this course, we will explore the topics it is important you understand related to commercial and investor financing. Learn what it takes to understand the financing aspect of your real estate deals, have good financing options for your clients and get your transactions to successfully close.

Objectives:

Upon completion of this course, will be able to:

• Describe commercial lending

• Understand basic commercial lending terminology

• Understand the capital stack

• Describe the types of commercial real estate loans

• Describe the differences between bank lending and private lending

• Describe the differences between brokers and direct lenders

• Understand how to prepare for the loan process

• Understand how to work with foreign nationals

• Understand the difference between recourse and non-recourse loans

• Describe the major types of commercial loans

• Understand loans by specialty type

• Understand the difference between purchase loans and refinance loans

• Understand how construction loans operate

• Understand the debt service coverage ratio