An important lesson to become an active commercial real estate mortgage broker.
Lesson 6 out of 20, Property Types of the Pioneer Realty Capital Commercial Mortgage Banking Certification Course, teaches you why a thorough knowledge of property types is key to understanding commercial real estate finance. Why? The financial underwriting guidelines varies based on the type of property being financed. As a commercial real estate financing professional, you will need to know the various property types and the documents required to underwrite the financing request specific to the property type.
This lesson will provide you with a solid understanding of the various types of commercial real estate property types. As discussed in the previous lessons, commercial real estate property fall into three primary categories; (1) owner-occupied (non-income producing), (2) Investment property (income producing) and (3) land. The various property types will determine what is required to underwrite the financial performance of the property.
- Identify the various types of commercial real estate property
- Distinguish the difference between income producing and non-income producing properties
- Identify the documents required to underwrite a capital request based on the property type