CRE Underwriters willing to share credit memos - looking to see how different banks/lenders underwrite deals
Anybody willing to share credit memos, particularly construction loans? Any sensitive information redacted of course
[{"id": "ihkvmax", "text": "I feel like I\u2019ve taken to many privacy courses at my financial institution to share online a credit presentation. But if you want a numbers from my last two deals, I can say (utah)", "replies": [], "depth": 1}, {"id": "ihm9wbd", "text": "Way to much to redact for anyone to take that risk.  You're better off asking specific questions that can be answered in general", "replies": [], "depth": 1}, {"id": "ihmcc0e", "text": "I work at one of the largest/ most active construction lenders. I won\u2019t share a credit memo because way too much to redact, but am more than happy to answer any questions", "replies": [{"id": "ihmidbq", "text": "Thanks, I get it. Could you recommend any good resources to learn to underwrite/model a construction loan from an OM?", "replies": [{"id": "ihnt1nc", "text": "Offering memorandums are sales documents put together by sales people for the purpose of selling real estate and collecting their commissions. \n\nStart by assuming decreasing every revenue figure by 25% and increasing every expense by 50% and see where it pencils. Then you can delve deeper into the reasonableness of all the figures.", "replies": [], "depth": 3}], "depth": 2}, {"id": "ihv26v9", "text": "I\u2019m looking for terms on a construction loan for a medical office project on the West Coast, can I private message you?", "replies": [{"id": "ihv3fy2", "text": "Sure", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ihmfshq", "text": "Way more underwriters in this sub than I expected. NGL", "replies": [], "depth": 1}, {"id": "ihnkt1c", "text": "I don\u2019t think for privacy it would be allowed but if you want to ask about specific metrics on quotes I\u2019ve seen", "replies": [], "depth": 1}]