Commercial Real Estate Underwriting Course
This course offers hands-on training in underwriting commercial retail properties, covering rent rolls, cash flow projections, financing, stress testing, and valuation metrics like NOI, DSCR, and LTV.

flexible workload from 4 to 360h
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, compare operating costs, arrange financing, conduct stress tests, and convert NOI into valuations, DSCR, LTV, and straightforward credit advice.
Elevify advantages
Develop skills
- Lease risk modelling: quickly measure rollover, downtime, and DSCR effects.
- Retail underwriting: confidently examine NOI, lease varieties, and tenant combinations.
- Rent roll construction: build models for 10 tenants and sum up cash flows swiftly.
- 10-year cash flow modelling: forecast EGI, costs, NOI, and variations.
- Debt and downside assessment: 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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