Justin Ashcraft

The debt service coverage ratio in commercial real estate helps set how much you can borrow. See the formula, lender minimums and the loan sizing math.

Mezzanine financing in commercial real estate fills the gap above your first mortgage. See what you pledge, what a default costs, and the math to run.

What is a CMBS loan? A commercial mortgage pooled into a bond trust. See the terms, the balloon math and the servicer rules before you sign one.

How do commercial bridge loans work? See how a bridge is sized, priced off SOFR, extended and repaid, with the exit math run on a hypothetical loan.

Defeasance on a commercial mortgage swaps your property for Treasury securities as collateral. See how yields set the cost and when it’s worth paying.

Debt yield in commercial real estate is NOI divided by the loan. See how lenders use it to size a refinance, and work out your own gap before maturity.

How does a commercial mortgage broker get paid? By a fee in a signed agreement. Who pays it, what earns it, and the break-even math on a 1% fee.

Recourse vs non-recourse commercial loan: who pays a shortfall, what Fed data says recourse saves, and the carve-outs that undo non-recourse.

By Justin Ashcraft, President, Northern Ridge Capital. More than $600M in commercial real estate deal experience. California DRE #02093377. Last updated October 2026. To get a commercial property loan approved, you need a property whose net operating income covers the new loan payments by the lender’s minimum ratio, a loan amount inside the lender’s loan-to-value

By Justin Ashcraft, President, Northern Ridge Capital. More than $600M in commercial real estate deal experience. California DRE #02093377. Last updated October 2026. Yes, you can do a cash-out refinance on a commercial property when the new loan the property qualifies for is larger than the balance you’re paying off. The difference, after closing costs