This virtual course is made up of 3 sessions – each of the 3 sessions is 2 hours, from 10:00am - 12:00pm ET.  Session 1: February 1, 2021 Session 2: February 3, 2021 Session 3: February 5, 2021

Once you have registered through the RMA website you will receive an email to complete your registration for this event in Zoom.

Now offered as a virtual course, taking place in a virtual classroom setting, Commercial Real Estate Lending II: Underwriting provides a best-practices approach to quantifying cash flows of various styles of Commercial Real Estate (CRE) property for underwriting. Topics include 1) the analytics necessary for a unified analysis for loan consideration, including measuring cash flow for debt service and assessing quality of its sources, 2) the lease review process 3) alternative methods to reach a valuation, 4) testing loan performance under adverse conditions, and 5) creating a loan structure that helps preserve cash flow. Through a mix of small and large group activities, case studies, and active discussions, participants are better prepared to apply the content learned when they return to their jobs.

OBJECTIVES
Upon completion of Commercial Real Estate Lending II: Underwriting, participants will be able to: 

• Name inherent risks to CRE loan performance and apply strategies to discover and quantify these risks
• Interpret the economic and business characteristics of a lease and explain how those characteristics influence both expected net cash flow and lending risks
• Describe an appraiser’s valuation process for commercial real estate property, including variances that can be caused by property performance, and the challenge in using market valuation for owner-occupied properties
• Analyze extraordinary lease terms and apply effective-rent analysis to quantify their impact on cash flow and value
• Perform breakeven, stress, and sensitivity analyses to test loan performance under adverse conditions
• Apply best practices for loan structure terms and covenants to support the primary drivers of CRE performance

Commercial Real Estate Lending II: Underwriting is designed for practicing commercial loan officers and other lending or credit professionals who need to understand more complex real estate lending concepts. In general, these bankers should have two to three years of experience.

Participants are expected to have a basic understanding of commercial real estate lending and loan underwriting or to have completed RMA’s Commercial Real Estate Lending I: Introduction or Real Estate Lending Academy.

Pre-course Materials
IMPORTANT: Once you register, you will receive a confirmation email with a link to download pre-course materials that must be completed prior to attending the course. Please contact Customer Care, 1-800-677-7621 or registrar@rmahq.org if you don't receive the email within one business day.