Simple Underwriting for Commercial Loans

• See our Commercial Loan Application sample form (Microsoft ®Word document).

• See our Commercial Real Estate Mortgage Qualifier Online Calculator.
• See our 10-Year Income Property Online Calculator.
• Both Online Calculators also available as Spreadsheet Downloads.

Print out the forms below from this page and then fill them in.

Multi Family

Heading	Value
Total potential income for all units, including rent, laundry, pet fees etc.
Number of units
Deduct 5% or actual vacancy or actual vacancy
EGI or Effective Gross Income
Deduct 5% or market cost from EGI for management fees
Deduct total of all expenses. Property taxes, insurance, maintenance, labor, legal/accounting etc.
Deduct $270 per unit per year for reserves.
Result is NOI or net operating income.
Enter the DSCR required Debt Service Coverage Ratio.
Divide the NOI by the DSCR for the maximum amount available to pay the mortgage.

Commercial

Heading	Value
Total potential income for all commercial space, including common area reimbursements, percentage rents, property tax reimbursement etc.
Total gross interior square feet.
Deduct 5% or actual vacancy or actual vacancy.
EGI or Effective Gross Income.
Deduct 5% or market cost from EGI for management fees.
Deduct total of all expenses. Property taxes, insurance, maintenance, labor, legal/accounting etc.
Deduct $0.20 per square foot for reserves.
Deduct $0.90 per square foot for Tenant Improvements and Leasing costs.
Result is NOI or net operating income.
Enter the DSCR required Debt Service Coverage Ratio.
Divide the NOI by the DSCR for the maximum amount available to pay the mortgage.