Underwriting is not one process applied to every building. A hotel is read as an operating business, a strip centre tenant by tenant, land on entitlement and exit, and senior housing on the operator. These pages set out what each file actually turns on, so you know what to gather before you call.
Single asset classes
- Assisted Living & Senior Housing Loans — Senior housing is the most operations-dependent property type we finance.
- Commercial Lease Types and How They Change a Loan — Two buildings can collect identical rent and support very different loans, because the lease decides who pays for the taxes, the insurance, the maintenance and the roof.
- Gas Station, C-Store & Car Wash Loans — A fuel station is three businesses on one parcel: the pumps, the store inside, and increasingly a car wash.
- Government-Leased Property Financing — A building leased to a government body is an unusually strong credit with an unusually awkward lease.
- Ground Lease & Leasehold Financing — Financing a leasehold means lending against a contract rather than the fee.
- Gym & Fitness Facility Loans — A fitness facility is a subscription business in a leasehold or an owned shell, and lenders read the membership file before the building.
- Hotel & Hospitality Loans — A hotel is a business that happens to own a building, and hospitality lenders underwrite it that way.
- How Commercial Property Is Valued — Almost every disagreement about loan size is really a disagreement about value.
- Industrial & Warehouse Loans — Industrial is the asset class where the building’s physical specification does as much work as the lease.
- Land, Development & Ranch Loans — Land produces no income, so there is no debt-service coverage to compute and nothing to fall back on but the dirt and the borrower.
- Medical & Dental Office Loans — Medical office earns a lower cap rate than ordinary office space for one reason: the improvements are expensive and the tenants rarely move.
- Multi-Tenant Office Loans — Office is the asset class where lenders have moved the furthest, and a file that would have closed without discussion a few years ago now gets read line by line.
- NNN & Triple-Net Lease Loans — In a true triple-net deal the lease is the asset.
- Opportunity Zone Financing — An Opportunity Zone changes a project’s after-tax economics, not its credit.
- Parking Garage & Lot Loans — Parking looks simple and underwrites as anything but.
- RV Park & Campground Loans — An RV park sits between hospitality and multifamily and is underwritten as a blend of the two.
- Retail & Strip Center Loans — A strip center is underwritten tenant by tenant, not as one building.
- Retail-to-Storage & Adaptive Reuse Financing — Adaptive reuse asks a lender to underwrite a building twice: as the empty box it is today, and as the self-storage, medical, light-industrial or residential use it is meant to become.
- Self-Storage Loans — Self-storage is the asset class where physical occupancy and economic occupancy diverge the most, and lenders have learned to read the second one.
- Texas Commercial Real Estate: What Lenders Are Watching — Lender appetite moves faster than headline cap rates, and it moves unevenly across asset classes.
- Truck Stop & Travel Center Loans — Texas carries more interstate freight than any other state, and a travel plaza is the asset class built on it.
Grouped by what the underwriting has in common
- Build-to-Rent, Student & Manufactured Housing Loans — All three of these are housing that a residential lender will not touch and a commercial lender reads as an operating community.
- Church, School & Community Facility Loans — These buildings are built for one purpose and have a thin resale market, so lenders underwrite the institution rather than the collateral: congregational giving, enrolment and the charter, licensed capacity, or decades of local goodwill.
- Deal Diligence and Tax Strategy — The things that actually delay closings are rarely the loan.
- Dealership, Floorplan & Marine Property Loans — A dealership file is really two files: the real estate, and the inventory financed on a floorplan line.
- Healthcare Facility Loans — Clinical real estate carries the most specialised improvements of any asset class and the heaviest regulation.
- Hospitality & Entertainment Venue Loans — Every property on this page earns its income by selling time: a room-night, a tee time, a reception, a seat, an hour of court.
- Light Industrial, Logistics & Flex Loans — These are the buildings where the specification is the story: how much power comes to the slab, how close the site sits to the population it serves, whether a truck can turn, and how easily the next tenant could use what the current one built.
- Loan Structures and the Capital Stack — Most deals that look unfundable at first are really a structure problem rather than a credit problem.
- Restaurant, Brewery & Food Facility Loans — Food and beverage property is expensive to fit out and the fit-out is the first thing a lender discounts, because a hood, a walk-in and a brewhouse are worth far less to the next occupant than they cost to install.
- Service Business Property Loans — What these have in common is demand that cannot be shipped.
- Specialty Infrastructure Financing — None of these assets is valued as a building.
Our minimum loan is $200,000. Direct commercial lender since 1998, working across the 43 states we serve. Rates are quoted on the file, not published — call for today’s number.
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