This interactive webinar training course will teach participants how to size debt for a multifamily property. Lenders use two measures to assess how much a property can borrow: loan-to-value ratio, and supportable debt based on the property’s ability to pay (NOI/target debt service coverage ratio). In the course of the webinar, participants will learn how to use Excel to calculate supportable debt with each of these methods, and will come to understand what these two measures mean, and how underwriters use them.
All participants will be provided with an Excel spreadsheet, which will include two sets of exercises: the first on calculating maximum debt using the loan-to-value ratio, and the second on calculating maximum supportable debt using the NOI/DSCR method. The spreadsheet will include answers to all questions, which will allow participants to check their answers and their Excel formulas, offering a chance to both practice and check their understanding of the material.
This faculty-led webinar training will last 90-minutes and include resource materials, check and reflect activities, interactive polling, and participant Q & A with the faculty. A quiz will be open at the conclusion of the session which must be passed in order to obtain a certificate and credit toward continuing education hours. Participants can access the training site upon registration and begin looking at the available resources prior to the live online training session. Participants will complete the quiz and print their certificate immediately after the live session.
This course provides 1.5 hours of continuing education.