Step 2 - Calculate Your Net Operating Income (NOI)
Calculating your Net Operating Income (NOI) is important. This will allow you to determine what your Debt Service Coverage Ratio (DSCR) is. With every underwriting platform, there is a minimum DSCR which needs to be met in order for one to qualify for the loan program.
It is important to note, that in calculating your NOI, you do not include certain expenses. These below are typical expenses which should not be included in your NOI calculations:
~ Mortgage Expense (if applicable)
~ Capital Improvement Expenses (any one time repair expense that is not reoccuring)
~ Depreciation Expense
~ Shareholder/Officer Distribution
Now you have what is needed to determine the Debt Service Coverage Ratio (DSCR). To do so, go to Global CommercialBanc DSCR Calculator by clicking button below.
If you would like to go directly to submitting a loan request, please click button below and complete an online loan submission. This will allow us to understand what you are looking for and quote a rate based on your loan scenario verses quoting you generic terms which might not apply to you.
Let Global CommercilBanc be your resource center for understanding what is involved in obtaining a commercial mortgage loan which could be a complex process. Then when you are ready to move forward, let Global CommercialBanc help you in obtaining a commercial mortgage loan.