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 neighbourhood 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, benchmark operating costs, arrange debt, conduct downside analyses, and convert NOI into value, DSCR, LTV, and straightforward credit advice.
Elevify advantages
Develop skills
- Lease risk modelling: quickly measure rollover, downtime, and DSCR effects.
- Retail underwriting: examine NOI, lease varieties, and tenant composition confidently.
- Rent roll construction: create 10-tenant models and combine cash flows swiftly.
- 10-year cash flow modelling: forecast EGI, expenses, NOI, and sensitivities.
- Debt and downside examination: determine loan sizes, test 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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