Commercial Real Estate Underwriting Course
This course equips participants with essential skills for underwriting commercial property investments, focusing on retail assets through practical modeling and analysis techniques.

from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
This Commercial Property Underwriting Course provides practical, step-by-step training to assess neighbourhood retail assets with confidence. Learn to build rent rolls, model lease expiries, rollover risk, and tenant downtime, create 10-year cash flow projections, benchmark operating expenses, structure debt, run downside scenarios, and translate 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 quickly.
- 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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Course in PDF