The Property
Use, location, condition, environmental profile, marketability, and valuation.
Commercial financing
Capital for Property. Strategy for Growth.
Structure property debt around the asset, income, sponsor, business plan, covenants, and exit—not a residential checklist.
Property and capital
Commercial financing across the property lifecycle.
Acquisition, stabilization, construction, refinance, and long-term debt each require a different underwriting conversation.
Commercial underwriting
Four dimensions. One financeable story.
Commercial lenders commonly evaluate the property, income, borrower or sponsor, and the transaction’s risk controls together.
The Income
NOI quality, leases, vacancy, operating history, and debt-service coverage.
The Sponsor
Experience, liquidity, net worth, credit, guarantees, and execution ability.
The Structure
Loan-to-value, term, amortization, covenants, reserves, and exit.
A core commercial measure
DSCR, explained simply.
Net Operating IncomeAnnual Debt Service= DSCR
Debt-service coverage ratio compares the income available from a property with the annual principal and interest required by the proposed loan. Lenders may calculate both sides differently, and minimum requirements vary by property and risk.
Open Commercial Mortgage CalculatorCalculator results are estimates for educational purposes and are not a mortgage approval or commitment to lend.