Each module uses exercises and case studies to demonstrate the concepts presented throughout the course. The main case study is about William Firestone and Frank Verdun, who are applying to finance the purchase of a 30-unit apartment building. The purchase would be the second joint project for the two individuals, who created a new entity (Firedun, LLC) for the purchase of a small apartment building last year. In order to keep the investments separate, the borrowers will be creating a new LLC to take ownership: Firedun II, LLC. Relying on market data, property analysis, appraisal results, personal financial statements, tax reports, and borrower analysis, learners will develop a credit analysis and loan recommendation for the loan request.