Not every commercial real estate deal can — or should — be financed the same way.

In Episode 8 of Zoned Commercial, I break down the major commercial real estate financing structures, how each one works, who each is designed for, the pros and cons, and the specific deal scenarios where each financing option makes sense. The right financing structure can make a good deal work. The wrong financing can create unnecessary costs, restrict your exit strategy, or put an otherwise strong investment at risk. I am Roy Malkison — licensed realtor, loan officer, insurance agent, and business broker. Founder of Malkison Company.

In this episode we cover: — Conventional commercial loans

— the baseline and when they make sense

— SBA 7(a) loans

— flexible financing for small business owners

— SBA 504 loans

— one of the most powerful options for owner-occupied commercial real estate

— Bridge loans

— short-term financing for transitional, value-add, and quick-close deals

— CMBS loans

— competitive fixed-rate financing and non-recourse protection, but with important restrictions

— Life company loans

— long-term financing for high-quality commercial assets

— Hard money and private lending

— when speed and flexibility matter more than cost

— How to determine which financing structure fits your specific property, business plan, hold period, and loan size.

The key takeaway: commercial financing is not one-size-fits-all. Before choosing a loan, ask five questions: Is the property stabilized or transitional? Are you an owner-occupant or investor? How long do you plan to hold the property? How much flexibility do you need? What is your loan size? Those answers can point you toward the financing structure that actually fits your deal.

📞 WORK WITH ROY MALKISON Real Estate · Loans · Insurance · Business Brokerage

📱 (972) 918-5500 🌐 malkison.com

🔔 Subscribe to Zoned Commercial — new episodes every week.

#CommercialRealEstate #CommercialLoans #CommercialFinancing #SBALoan #SBA504 #SBA7a #BridgeLoans #CMBS #LifeCompanyLoans #HardMoney #CREInvesting #ZonedCommercial #MalkisonCompany #RoyMalkison #CommercialMortgage #RealEstateInvesting #RealEstatePodcast

HOW TO ANALYZE A COMMERCIAL REAL ESTATE DEAL

In this episode, we cover:

— Net Operating Income (NOI)

— where every commercial real estate analysis begins

— How to calculate a property's real NOI instead of simply trusting the seller's numbers

— Cap Rate

— how to calculate it, compare properties, and understand when it can be misleading

— The relationship between cap rates, interest rates, risk, and property values

— Cash-on-Cash Return

— what you're actually earning on the cash you invested

— How leverage and debt service can turn an attractive property into a weak investment

— Internal Rate of Return (IRR)

— measuring your return across the entire investment and eventual sale

— Why your exit cap rate can dramatically change projected returns

— How to combine all four metrics into a practical buy-or-walk-away decision

— How to stress-test vacancy, rent growth, interest rates, and exit assumptions

— Five underwriting mistakes that can make a bad deal look good

The biggest lesson? Don't fall in love with the property before you understand the numbers. Commercial real estate investing isn't about how impressive a building looks or how exciting the opportunity sounds. Build your own model using actual leases and expenses, stress-test your assumptions, and be disciplined enough to walk away when the deal doesn't underwrite.

— Net Operating Income (NOI)

— Cap Rate Explained

— Cash-on-Cash Return

— Internal Rate of Return (IRR)

— Putting the Four Metrics Together

— Five Underwriting Mistakes That Make Bad Deals Look Good

— Key Takeaways & Closing

📞 WORK WITH ROY MALKISON Real Estate · Loans · Insurance · Business Brokerage

📱 (972) 918-5500 🌐 malkison.com

🔔 Subscribe to Zoned Commercial — new episodes every week.

#CommercialRealEstate #CREInvesting #RealEstateInvesting #CapRate #CashOnCash #IRR #NOI #CommercialProperty #ZonedCommercial #MalkisonCompany #RoyMalkison #CommercialRealEstateInvesting #InvestmentProperty #RealEstatePodcast

COMMERCIAL LEASES DECODED

In this episode, we cover: — The 4 major commercial lease types: Gross, Modified Gross, Triple Net (NNN), and Percentage Rent

— How base rent, escalations, CPI adjustments, and fair-market resets actually work

— Critical clauses landlords should have in their leases — What tenants should negotiate before signing anything — Renewal options, exclusivity, assignment rights, and right of first refusal

— Tenant Improvement (TI) allowances and who really pays for the build-out

— How lease terms can affect the value and financing of a commercial property

— Five commonly misunderstood provisions: SNDA, force majeure, estoppel certificates, operating-expense caps, and early-termination clauses Whether you're a business owner leasing space, a commercial landlord, or an investor evaluating a property with existing tenants, this episode can help you understand what you're agreeing to before you sign.

— The Four Commercial Lease Types

— Base Rent, Escalations & CPI Adjustments

— Critical Lease Clauses Every Landlord Needs

— What Tenants Must Negotiate

— Lease Terms, Renewal Options & Right of First Refusal

— Tenant Improvement Allowances & Build-Out

— Five Lease Terms Most People Sign Without Understanding

— Key Takeaways & Closing

⚠️ One important takeaway: A commercial lease can create obligations lasting years. Have a qualified commercial real estate attorney review your lease before signing.

📞 WORK WITH ROY MALKISON Real Estate · Loans · Insurance · Business Brokerage

📱 (972) 918-5500 🌐 malkison.com

🔔 Subscribe to Zoned Commercial — new episodes every week.

#CommercialRealEstate #CommercialLease #CommercialLeasing #ZonedCommercial #MalkisonCompany #RoyMalkison #NNNLease #TripleNetLease #CRE #RealEstateInvesting #CommercialProperty #CommercialLandlord #BusinessOwners #RealEstatePodcast