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Securing construction financing can be one of the most complex steps in bringing a real estate development to life. Whether you’re building a multifamily property, retail center, or industrial facility, lenders will scrutinize every element of your project. Understanding their key priorities can make the difference between a quick approval and costly delays. Developer Experience

What is a T12 (Trailing 12 Months) Statement? A T12, short for Trailing 12 Months, is a financial statement that shows the actual income and operating expenses of a commercial property over the past 12 consecutive months. It’s one of the most important documents in commercial real estate underwriting, and it’s used by lenders, investors,

Credit score trends A May 2024 US consumer average report from VantageScore shows the national average credit score is approximately 705, within 1 point of the prior 12 months. Credit scores are typically calculated based on the length of credit history, past financial behavior – including payment timeliness, adverse events, such as bankruptcy or collection

Broker vs. Direct Lender: Understanding the Distinction In the commercial real estate financing landscape, professionals often choose between working with a direct lender or mortgage broker. Direct lenders are typically restricted by rigid underwriting policies and forced to submit to specific covenants regarding financing types, interest rates, terms, and default volumes. These limitations can be