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COMMERCIAL REAL ESTATE LOAN UNDERWRITING SERIES

These classes are technical in nature and constitute the bulk of the considerations in the property review portion of loan underwriting. The loss or “risk” review is usually conducted using proprietary formulae and data developed and owned by the lending institution, are not covered in this series. These classes will give the student a “fast track” toward advancement within the commercial lending profession.

Here is the list of classes that would be helpful to a commercial RE loan underwriter, or loan originator.

Commercial Financing CCSS 110: A broad overview of the various sources of financing a commercial real estate transaction, ranging from seller financing to government guaranteed, and all types in between. Typical sources will be provided, with general guidelines for obtaining the financing. 

Valuation of Commercial Property CCSS 104: The fundamentals of commercial appraisal, including cost, income, and market data approaches, and supply and demand analysis techniques.  

Income/Expense Analysis: APOD CCSS 105: How to prepare a one page summary income and expense analysis of rental properties of all types, using a standard form developed by the CCIM Institute which is an affiliate of the National Association of REALTORS®. (CREI is a privately owned corporation not related to NAR.) 

(After taking these 3 classes, we recommend that in the next year, or less, the student take CI 101 which is the first week-long class in the CCIM series).  

The following classes may be taken in any order, and do not have, nor require, any pre-requisites.

Market Analysis for Commercial Rental Properties CCLS 101: Procedure for conducting a market rent and availability survey for space for lease. Class also covers research resources needed and available to collect the information, and protocols used in the business  Procedure for conducting a market rent and availability survey for space for lease. Class also covers research resources needed and available to collect the information, and protocols used in the business

Commercial Lease Analysis CCLS 110: An analysis of the legal terms of commercial leases, and their effect on a tenant, including both legal and financial impacts. 

Disclosure and Due Diligence CCSS 114: This course examines the variety of inspection, seller disclosure, broker disclosure, and Borrower due diligence issues most commonly affecting commercial loans. Topics include Land and soils, water damage, structural and other building issues, zoning and land use, environmental, utilities, easements and other title issues, and other potentially significant cost items.

Environmental Issues Affecting Commercial Tenants / Landlords CCLS 112: An introductory overview of the most common environmental issues affecting commercial properties, focusing on issues most likely to affect a tenant, such as Sick Building syndrome, or affecting a landlord resulting from a lease to a tenant that contaminates the property. The course also covers procedures to follow, including Phases I, II, III and IV, and the selection and use of consultants, contractors, and engineers, and State and Federal regulation,

Build To Suit CCLS 104: A broad scoped examination of the variety of build to suit transactions by which a commercial user can obtain a building designed and built to their specific needs. Includes the user’s needs assessment, site assessment, legal structuring, and financing. 

Since the terms and conditions of commercial leases are ALL CUSTOM to the tenant and their use, the structure of the leases themselves can have significant economic impact on the property. It might also be useful for a commercial underwriter to be knowledgeable of the terms and condition that are most common. The following 3 classes each cover the details of the three different types of leases commonly used in the 21st Century.

Office Lease Forms CCLS 107: A detailed review of the most commonly used standard commercial forms for Office Gross, a.k.a. "Full Service" lease. Actual forms are included as hand-outs, and students are taught how to fill out the forms. 3 hours Contract Law CE credit.

Retail Lease Forms CCLS 108: A detailed review of the most commonly used standard commercial forms for Retail, a.k.a. "Triple Net" lease. Actual forms are included as hand-outs, and students are taught how to fill out the forms. 3 hours Contract Law CE credit.

Industrial Lease Forms CCLS 109: A detailed review of the most commonly used standard commercial forms for Industrial, aka "Modified Gross" Gross, lease. Actual forms are included as hand-outs, and students are taught how to fill out the forms. 3 hours Contract Law CE credit.

You may order these classes in video format.
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