Assessing Commercial/Multifamily Physical and Environmental Risk: July 2026

Assessing Commercial/Multifamily (CMF) Physical and Environmental Risk is designed to provide participants with foundational knowledge and practical tools for evaluating physical, environmental, and climate-related risks associated with commercial/multifamily real estate collateral. This course focuses on the identification, analysis, and mitigation of risks that can impact property condition, safety, regulatory compliance, and long-term asset performance.

The course begins with The Property Inspection, where participants learn how to conduct effective site inspections and management interviews, identify common building deficiencies, and understand the role of third-party reports in the underwriting and asset management process. The lesson explores how physical deficiencies and a building component’s remaining useful life affect underwriting assumptions, repair escrows, and ongoing asset management strategies.

In Physical Risk, participants examine common structural, mechanical, electrical, and building systems risks typically identified in property condition assessments.  Emphasis is placed on recognizing observable conditions that may signal deferred maintenance or capital needs. The Environmental Risk lesson introduces participants to common environmental hazards and the purpose and scope of environmental due diligence, including Phase I Environmental Site Assessments. Participants learn how to identify red flags, interpret environmental reports, and understand potential liability and remediation considerations.

The course then addresses Seismic Risk and Accessibility, focusing on seismic exposure, risk classification, and mitigation strategies, as well as accessibility requirements under the Americans with Disabilities Act (ADA) and related standards. Participants learn how seismic and accessibility issues can affect property value, insurability, and compliance.

The final lesson, Climate Risk, examines the growing impact of climate-related risks on commercial/multifamily properties. Topics include flood risk, extreme weather events, and other natural hazards that may affect property operations and investment decisions.

Course Syllabus:

• View the Course Syllabus

Format:

• Instructor-guided online course delivered over five weeks
• Live instruction combined with applied exercises
• Weekly homework assignments aligned to each lesson
• Final online exam
  

Intended Audience:

• Loan originators and loan processors
• Loan analysts and underwriters
• Loan closers
• Servicers and asset managers
• Professionals in related fields such as insurance, law, accounting, marketing, or other areas of commercial/multifamily real estate seeking a foundational understanding of collateral risk evaluation

Experience Level(s):

• Entry-Level

Program Schedule:

Week 1:

• Thursday, July 9 (2:00 - 4:00 PM ET)

Week 2:

• Thursday, July 16 (2:00 - 4:00 PM ET)

Week 3:

• Thursday, July 23 (2:00 - 4:00 PM ET)

Week 4:

• Thursday, July 30 (2:00 - 4:00 PM ET)

Week 5: 

• Thursday, August 6 (2:00 -4:00 PM ET) 

** Webinars may vary in duration depending on the subject matter**

MBA Education Cancellation Policy:

• For more information on course cancellations, transfers, substitutions or extensions, please review our MBA Education Policies.

Discounts:

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• Your organization can get unlimited complimentary seats to this class with an Education Advantage subscription! Contact Kathy Ryan to learn more about Education Advantage!

Earn a Credly Digital Badge:

• This course is part of the Commercial/Multifamily Finance Academy. Upon successful completion of all eight courses in the Academy, participants earn a Credly digital badge, recognizing their comprehensive training in commercial/multifamily finance fundamentals.

By registering for this event, you also have agreed that you will at all times during this event abide by the MBA EVENT CODE OF CONDUCT. You should familiarize yourself with this policy before attending the event as violations of the MBA EVENT CODE OF CONDUCT may result in removal from or denial of access to the MBA sponsored event without a refund of registration fees, or disqualification from attendance at future MBA events.