Commercial real estate lenders calculate interest on loans in three ways:✔️ 30/360✔️ Actual/365 (aka 365/365)✔️ Actual/360 (aka 365/360)Real estate underwriters should be aware of these 3 methods and understand which calculation the lender is using.The differences can have a significant impact on the amount of interest paid over the life of the loan.Similarly, it can also have an impact on the amount of cash flow that is available to be distributed to your investors.

@Joshua MckellerFirst, have you actually spoken with a lender?

As some lenders will not only want the property to qualify income wise.

To make the deal more attractive, I am willing to offer a first position if the lender/investor can ensure closure by February 9th.

Is the first lender OK with a private money second?  

Also, anyone know of any DSCR lenders that can help?

The one lender I talked to could only lend up to 65% of the appraised value for a triplex.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hey everyone, I have several properties owned free and clear that I'm looking to pull cash out of and was all lined up with a lender who then backed out because the properties are land leased from the local water district. 60 yr leases with incremental increases that I can renew at the end of the 60 yr term.

Commercial Lender How did you add value to the deal?