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Lisa Jackson, a loan officer with First National Bank, is considering financing the purchase of an existing medical office building for an orthopedic practice. The
Lisa Jackson, a loan officer with First National Bank, is considering financing the purchase of an existing medical office building for an orthopedic practice. The practice will move into the main floor and occupy approximately 40 percent of the building's rentable space. The remaining space is currently leased to a number of smaller medical practices. The orthopedic practice has rs, all of whom will guarantee the loan. Lisa has reviewed acquisition costs, demographic data, rent rolls, and lease agreements. She is now in the process of combining the property cash flow information with financial information regarding the guarantors. Her goal is to determine the overall financial strength of the request relative to the amount and terms requested. What step in the commercial real estate lending process does this represent? Borrower/Management assessment Opportunity assessment Property/Market assessment Global financial support assessment
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