Commercial Real Estate Underwriting Course
This course equips you with essential skills for underwriting commercial real estate, focusing on retail properties through practical modeling and analysis techniques.

4 to 360 hours 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 confidence. Learn to construct rent rolls, model lease expiries, rollover risk, and tenant downtime, develop 10-year cash flow projections, benchmark operating expenses, structure debt, run downside scenarios, and convert NOI into value, DSCR, LTV, and clear credit recommendations.
Elevify advantages
Develop skills
- Lease risk modelling: quantify rollover, downtime, and DSCR impact quickly.
- Retail underwriting: analyse NOI, lease types, and tenant mix with confidence.
- Rent roll building: design 10-tenant models and aggregate cash flows swiftly.
- 10-year cash flow modelling: project EGI, expenses, NOI, and sensitivities.
- Debt and downside analysis: size loans, test scenarios, and set covenants.
Suggested summary
Before starting, you can change the chapters and the 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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