I'm a student reading through CMBS presales, and I was wondering why agencies, Fitch, in particular, underwrite ground rent to the average of the loan term plus five years? I understand that with increases, underwriting to an average over the loan term makes sense, but why the additional tail? RAs also seem to do the same for real estate tax abatements.
| +48 | Being asked to stay behind and train my replacement | 14 | 1d | |
| +32 | Best CRE brokerage firms | 22 | 15h | |
| +30 | What does REPE actually do? | 11 | 10h | |
| +29 | New Comp Database - Google Form (Now with Data Validation) | 15 | 16h | |
| +24 | Thoughts on joining an early-stage REPE fund | 7 | 5d | |
| +22 | Starting University LP Fund | 5 | 6h | |
| +22 | REPE/Development GPA | 15 | 10h | |
| +21 | Public Homebuilders | 7 | 4d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 1d | |
| +17 | What would your strategy be? | 14 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Vitae saepe veritatis harum aliquam eos fugiat. Magni voluptate nihil ex ipsum quae. Voluptatibus quaerat et est nemo veritatis vel. Quaerat et animi fugit a. Consequatur dolor magni quod a cupiditate.
Non est quasi animi facere voluptatem id. Quis aut nostrum et enim. Accusamus vero incidunt et quis ut quia.
Necessitatibus nostrum eum debitis. Quas aliquid laudantium quia. Rem quasi nobis architecto itaque. Hic aliquid in ut molestias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...