An Important Lesson in Becoming a Commercial Real Estate Mortgage Broker
Lesson 6 of 20, Property Types in the Pioneer Realty Capital Commercial Mortgage Banking Certification Course teaches students why a thorough knowledge of property types is key to understanding commercial real estate finance. Financial underwriting guidelines vary based on the type of property being financed. Commercial real estate financing professionals need to know the various property types and documents required to underwrite each property type’s financing request.
This lesson will provide an understanding of the various types of commercial real estate property types. As discussed in previous lessons, commercial real estate property falls 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