Lenders size industrial loans heavily around remaining lease term. Properties with shorter remaining terms may be underwritten to stressed rents or reduced cash flow, which can lower proceeds even if the property is currently leased.

Single-tenant industrial properties are underwritten primarily on tenant credit, lease structure, and re-tenanting potential. If the tenant vacates, lenders evaluate how quickly the property could be released and at what cost.

Yes. Manufacturing facilities often involve specialized improvements, power requirements, or layouts that limit reusability. Lenders typically apply more conservative underwriting to these properties compared to general warehouse or distribution assets.

Industrial properties in secondary markets can be financed, but lenders may apply lower leverage or require stronger tenant credit and borrower experience to offset reduced liquidity.

Generally no. Lenders typically underwrite to market rent or apply haircuts if in-place rents exceed market levels, especially when leases are nearing expiration.