Commercial Real Estate Financing: Build a Reliable Rent Roll
A commercial property can look busy and still have an uneven income stream. Signed leases, occupied space, rent invoices, and money received each describe a different part of its performance. When preparing a commercial real estate financing request, a reliable rent roll helps connect those parts so a reviewer can understand what supports the property's income today. For an acquisition, refinancing, or recapitalization, start with a dated rent roll and supporting records. The objective is practical: make it easy to trace the reported income to the leases and explain the changes that could affect future cash flow. Start with one dated property snapshot Choose an “as of” date and identify the property, reporting period, and person responsible for the information. List each rentable unit or suite, including vacant space. For each tenant, record the leased area, lease start and expiration dates, contractual base rent, and the timing of any scheduled rent changes. Include separate f...