The Bhumi Knowledge Base is the operational manual for standardized commercial underwriting. Below, we break down the core components of financial reconstruction—from T-12 operating statements and NOI calculation to Freddie Mac and Fannie Mae documentation requirements.
No jargon. No fluff. Just the information you need to get your deal funded.
Master the operating statement that determines your loan amount.
6 ArticlesWhat Freddie Mac, Fannie Mae, and banks actually require.
30 ArticlesOrganization and documentation that closes deals faster.
6 ArticlesThe single most important document in any multifamily transaction. What it is, why lenders demand it, and what kills deals.
Read articleNet Operating Income drives everything—your loan amount, your rate, your valuation. Here's exactly how lenders calculate it.
Read articleThe gap between what you claim and what you can prove. Understanding variance is understanding why deals fail.
Read articleThe process that separates funded deals from rejected applications. Step-by-step reconciliation methodology.
Read articleTwo financial statements, two different purposes. Why your QuickBooks P&L can't substitute for a T-12.
Read articleThe distinction that confuses 90% of property owners—and costs them loan proceeds.
Read articleThe documentation standards for Freddie Mac SBL. What they require, what they reject, and how to pass underwriting.
Read articleThe agency alternative to Freddie Mac for $750K-$6M multifamily properties. Requirements, process, and when to choose Fannie.
Read articleDebt Service Coverage Ratio is the single most important metric in commercial real estate lending.
Read article47 line items. 4 responsible parties. Here's how to read the document that determines whether your deal closes.
Read articleFour forms. One purpose: prove you're a qualified borrower. Here's what each one asks and why.
Read articleHow to document Housing Choice Voucher income so lenders count every dollar. HAP contracts and verification.
Read articleAgency loans have different rules. Here's what actually gets required—and what gets deals rejected.
Read articleThe structural tests that kill deals before underwriting begins. Property and sponsor requirements you must pass first.
Read articleDSCR, LTV, and Debt Yield—the three constraints that size your loan. How clean data translates to higher proceeds.
Read articleThe paper trail that proves your numbers. Financial, occupancy, entity, and property documentation requirements.
Read articlePCA, Phase I ESA, and Seismic reports—the third-party assessments that can trigger escrows or kill deals.
Read articleWhat happens after closing—servicing requirements, annual compliance, prepayment, and how to exit without penalties.
Read articleTwo programs, same borrower profile—but different DSCR, prepayment, and market tier rules that determine which one maximizes your proceeds.
Read articleThe only document that overrules your Rent Roll. Here's how to prevent a "side deal" from killing your closing.
Read articleForm 1115, the REO schedule, and the liquidity test that determine whether your personal finances help or hurt your loan.
Read articleIndex + Spread, breakage fees, and the float period trap. What happens when your rate lock expires before closing.
Read articleForm 1025, Income Approach math, and the Reconsideration of Value process when your deal comes in low.
Read articleWhen your low-rate loan is worth more than your building. The full assumption process, timeline, and fees.
Read articleThe math of LTV cures, the pain of negative proceeds, and how to plan when markets turn against you.
Read articleForm 1103A, market rent analysis, and why your $1,200 rent becomes $1,050 in underwriting.
Read articleWhen your low rate is worth keeping. How to extract equity while preserving your existing Freddie Mac loan.
Read articleThe Sponsor Meeting, Form 1115 deep dive, and how to explain your way through credit events without killing your deal.
Read articleWhen you can't qualify for agency today. How to structure bridge financing for a clean Freddie Mac takeout.
Read articleWhy borrowers lose $25,000 before the loan even closes—and how to protect your upfront cash.
Read articleThe binding document that separates term sheet promises from funded loans—and the conditions that can still kill your deal.
Read articleWhy Freddie Mac treats second liens like deal-killing landmines—and the narrow paths around the prohibition.
Read articleHow to request—and get approved for—deviations from Freddie Mac's standard underwriting criteria.
Read articleHow to prepay a Freddie Mac loan by substituting Treasury securities—and when the math actually works.
Read articleThe actions that require lender consent—and what happens when you forget to ask.
Read articleWhat happens after the loan funds—inspections, escrows, reporting, and how to keep your servicer from becoming your adversary.
Read articlePro Forma policies, Schedule B exceptions, ALTA endorsements—the title requirements that delay closings when you're not ready.
Read articleBad Boy Carveouts, Springing Recourse, and the fine print that puts your personal assets at risk.
Read articleA lease concession was about to tank our valuation. Here's the exact playbook we used to fix it.
Read articleA $3,832 balance doesn't have to kill your deal—if you control the story.
Read articleA step-by-step checklist to verify your T-12 is lender-ready before submission. Print it. Use it.
Read articleA disorganized data room signals a disorganized operator. Here's the system that closes deals.
Read articleThe phenomenon that kills timelines and how to cure it with a Single Source of Truth.
Read articleEveryone checks the purchase price. Few check the prorations. See where money leaks at closing.
Read articleSend us your documents. We'll show you where you stand.