LendEval is the Loan Readiness Intelligence Platform — built around the core promise 'Know Before You Apply'. It is a free, educational pre-underwriting platform that scores your real estate or business loan profile against the Five C's of Credit — the same criteria institutional lenders use — without performing a credit inquiry or collecting private personal identifiers.

What are the Five C's of Credit in loan evaluation?

The Five C's of Credit are Character (credit history and score), Capacity (income and debt service ability via DTI or DSCR), Capital (down payment and reserves), Collateral (assets securing the loan), and Conditions (loan purpose, market environment, and industry factors). Lenders use this framework to evaluate every commercial and business loan application.

Does LendEval pull my credit or require a Social Security Number?

No. LendEval performs zero credit bureau inquiries (neither soft nor hard pulls). No Social Security Number (SSN) or Tax ID (EIN) is required. Your assessment is entirely private and educational.

What Debt Service Coverage Ratio (DSCR) do lenders require for commercial loans?

Most commercial lenders require a minimum DSCR of 1.20x to 1.25x, meaning property or business Net Operating Income must exceed annual debt service by at least 20% to 25%. SBA 7(a) guidelines typically look for a minimum 1.15x to 1.25x coverage.

How do commercial loan brokers use LendEval with their CRM?

Commercial loan brokers use LendEval to track client borrower evaluation drafts, receive automated alerts when client assessments remain idle for over 48 hours, and automatically push structured lead payloads via webhooks to CRMs including Zapier, Make, HubSpot, Salesforce, and Zoho CRM with HMAC signature verification.

Is LendEval completely free to use?

Yes. LendEval is 100% free. Both the real estate loan readiness assessment and business loan eligibility assessment, as well as the rent roll extractor, SBA document checklist, and scenario modeling tools, are available at no cost.

Unit-Level Rent Roll Extractor & Underwriter

Answer-First Canonical Definition

How do commercial lenders use rent rolls to evaluate occupancy and gross rental income?

Commercial real estate underwriters analyze the unit-by-unit rent roll to verify gross contractual income, physical occupancy, economic occupancy, and tenant rollover risk before calculating property Net Operating Income (NOI) and Debt Service Coverage Ratio (DSCR).

Underwriting Formula:

Physical Occupancy = (Occupied Units ÷ Total Units) × 100% | Economic Occupancy = (Actual Billed Rent ÷ Gross Potential Rent) × 100%

Institutional Benchmarks

Stabilized Physical Occupancy≥ 90.0%Conventional lender threshold for permanent commercial financing.

Economic Occupancy Variance< 5.0% GapA wide gap between physical and economic occupancy signals concessions or uncollected rent.

Tenant Rollover Risk< 25% Expiry/YrLenders penalize properties with concentrated lease expirations within 12–24 months.

Lender Takeaway: Before submitting your CRE or multifamily loan package, audit your unit rent roll to ensure unit numbers, square footages, contractual rent amounts, and lease expiration dates exactly match the executed lease agreements in your borrower vault.

Governing Standard: FDIC Part 365 Real Estate Lending Guidelines & Interagency Commercial Real Estate Underwriting StandardsOfficial Guidelines

Physical Occupancy

87.5%

< 90%

7 of 8 units leased

Economic Occupancy

85.9%

Collected vs scheduled market

Monthly Billed

$12,325

$147,900/yr actual

Annual Potential

$172,200

$14,350/mo at 100%

Vacancy Loss

$2,025

14.1% of scheduled gross

Avg Rent / SqFt

$2.13

$1,761/unit monthly avg

Property / Project Name:

Unit-by-Unit Lease Schedule (8 units)Under 90% physical occupancy benchmark

Unit #	Tenant Name	Type / Layout	Sq Ft	Status	Current Rent ($)	Market Rent ($)	Lease Expiry	Notes / Lease Terms	Actions
					$	$
					$	$
					$	$
					$	$
					$	$
					$	$
					$	$
					$	$

Physical vs. Economic Occupancy

Physical Occupancy (87.5%): Measures leased space against total capacity. High physical occupancy with low economic occupancy indicates rent concessions or collection leakage.

Economic Occupancy (85.9%): Compares actual collected rent against scheduled potential. Banks underwrite actual cash collections rather than theoretical full capacity.

Lease Rollover & Expiration Risk

Underwriters evaluate what percentage of tenant leases expire within the next 12 to 24 months. Concentrated expirations require higher debt service reserve escrows.

Ensure long-term commercial tenants have signed renewals or renewal option notices on file before submitting your loan package.

Market vs. In-Place Rent Delta

Gross Annual Potential is $172,200 vs. current billed rent of $147,900.

The difference of $24,300/yr reflects vacancy loss and loss-to-lease, representing value-add upside for refinancing or acquisitions.

Transfer Rent Roll Data into Underwriting Models

Auto-fill $147,900 annual gross income and 87.5% occupancy directly into your Five C's Capacity assessment or the Real Estate Loan Application wizard.