CRE underwriting, explained.

A Practical Guide to Rent Roll Abstraction

How to extract clean, model-ready unit-level data from messy rent rolls — PDF, Excel, and everything in between.

Cap Rate Compression Cycles in CRE Markets

A historical analysis of cap rate compression and expansion cycles — and what they mean for acquisition timing.

DSCR Underwriting Fundamentals for CRE

Debt service coverage ratio from first principles: how to calculate, interpret, and stress-test DSCR for any asset class.

Industrial Real Estate Absorption Rates in 2024

A look at industrial absorption across major US logistics corridors in 2024 — and the underwriting implications.

Office Occupancy Trends Post-2024

How post-COVID occupancy patterns are reshaping office underwriting — what the data says about recovery and risk.

Lease Term Abstraction Essentials for CRE Professionals

The critical lease terms that move deals — and why missing one can change your underwriting by seven figures.

NOI Waterfall Methodology for CRE Underwriting

A rigorous approach to building the NOI waterfall — from gross income to stabilized NOI, every adjustment step explained.

Debt Yield Underwriting in Commercial Real Estate Finance

Why lenders increasingly prefer debt yield over DSCR — and how to model it alongside traditional coverage ratios.