Underwriting 2

Real Estate Development

Spring 2013

Roger Nussenblatt, instructor

This course covered all major facets of underwriting the repositioning of income-producing commercial real estate from a lending perspective. Students learned how to effectively underwrite transitional office, retail, industrial, multifamily and hotel properties. Loan structure, interest reserve analysis, LIBOR caps, reposition timing, credit evaluation, market analysis and sponsorships were major focuses of the course. Exit strategies including permanent takeout financing and loans were also discussed.