Credit Hours: 4
There is not always a right or wrong answer. Rather, the answer depends on the many nuances in financing commercial transactions!
When a commercial property owner lists their property for sales and the buyer submits a purchase offer, the pre-qualification is different than applying for a residential mortgage. In a residential mortgage, the lender can pre-qualify a borrower based on their personal income and credit. In a commercial loan, the lender can give a rough estimate based on property type, loan-to-value ratio and net operating income.
This course will give the basic understanding of commercial real estate financing and general metrics used by lenders.
This course is a core elective.