Fundamentals of Apartment & Commercial Mortgage Underwriting

At this event you will learn: Acceptable CAP rates to arrive at a buyer's perspective on apartment valuation regardless of asking price; Buyer's apartment valuations should use the audited NOI & accepted CAP rate to appraisal standards to value property. Liquid asset requirements to purchase with institutional funds; Types of lending institutions funding apartments (including syndication financing) and the interest rates offered from Fannie Mae/Freddie Mac & HUD to Non-agency and Private Funds, and these lending intuition's standards for good, fair and poor; Leveraging dynamics, lending standards for debt service coverage ratios (DSR) for apartment buildings; and most importantly Return on Investment ROI & Cash on Cash Return short & simplified calculations. Please Note: If you have previously taken this course, the Georgia Real Estate Commission requires 366 days before you can receive credit.