Commercial Real Estate Underwriting Course
This course offers hands-on training in underwriting commercial retail properties, covering rent rolls, cash flow projections, debt structuring, and risk analysis to build valuation and credit assessment skills.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This Commercial Real Estate Underwriting Course provides practical, step-by-step training to assess neighborhood retail properties with assurance. You will learn to construct rent rolls, model lease expirations, rollover risks, and tenant downtime, develop 10-year cash flow forecasts, compare operating expenses, arrange debt, perform downside analyses, and convert NOI into value, DSCR, LTV, and straightforward credit advice.
Elevify advantages
Develop skills
- Lease risk modeling: quickly measure rollover, downtime, and DSCR effects.
- Retail underwriting: confidently examine NOI, lease varieties, and tenant combinations.
- Rent roll building: swiftly create 10-tenant models and combine cash flows.
- 10-year cash flow modeling: forecast EGI, expenses, NOI, and sensitivities.
- Debt and downside analysis: determine loan sizes, evaluate scenarios, and establish covenants.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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