Practical writing on CRE analysis, financing, and decision-making — from a principal who does this work daily.
What outsourced underwriting should cover, the three engagement models, how to pilot the first file, and the quality-control markers that separate real underwriting desks from modeling factories.
Read Article Lender UnderwritingThe real math: fully loaded underwriter payroll, the utilization problem, per-file economics, and the break-even file count where hiring starts to beat outsourcing.
Read Article Lender UnderwritingThe complete structure, section by section: executive loan summary, borrower and guarantor analysis, collateral, underwritten NOI and sizing, stress tests, risks, mitigants, and conditions.
Read Article Lender UnderwritingBuilding the global cash flow schedule from PFS, SREO, and tax returns — the adjustments that matter, global DSCR thresholds, and the red flags the analysis surfaces.
Read Article Lender UnderwritingWhat each sizing constraint protects against, typical thresholds, and a worked example showing which constraint binds the loan amount.
Read Article FinancingShould you pull equity out of a stabilized property at today's rates? A framework using actual lender term sheets and real cash flow impact.
Read Article UnderwritingFive common pro forma mistakes experienced CRE investors make — aggressive rent growth, ignored reserves, seller pro formas, single-scenario analysis, and misaligned assumptions.
Read Article Decision SupportA framework for the mid-construction crossroads: modeling the sale at multiple price points against the cost and returns of completing the project.
Read Article FinancingWhat bridge lenders actually evaluate in a loan package — and how to assemble a file that gets to a term sheet.
Read ArticleStart with our plain-English guide to cap rates, DSCR, IRR, pro formas, and valuation methods.
Read the Underwriting Guide15 minutes to discuss your deal, your file, or your portfolio. Honest assessment of fit — and if we're not the right firm, we'll tell you.
Schedule a ConsultationNo commitment. No pressure. Just a straight conversation.