Ironclad Underwriting Podcast
The Ironclad Underwriting Podcast—where precision meets performance in commercial real estate.
I'm your host, Jason Williams, and every week, we dive deep into the strategies, systems, and stories behind rock-solid underwriting.
Whether you're a seasoned analyst, an up-and-coming investor, or a commercial real estate professional looking to sharpen your edge, this show is your front-row seat to expert insights, emerging trends, and real-world underwriting tactics that stand the test of time — and scrutiny.
From market assumptions to debt structuring, cap rates to cash flow — we’re cutting through the noise and getting to the numbers that matter.
So sharpen your pencils, fire up those models, and let’s get to work — this is Ironclad Underwriting.
- Update frequency
- every 7 days
- Average duration
- 28 minutes
- Episodes
- 13
- Years Active
- 2025
Breaking Down the Capital Stack & Waterfall Structures in Commercial Real Estate
📌 Episode Overview:
In this episode of The Ironclad Underwriting Podcast, host Jason Williams and recurring guest Frank Patalano take a deep dive into one of the most misunderstood aspects of commerci…
The Power of One Market: Building Your Real Estate Foundation
Episode Overview
In this episode of the Ironclad Underwriting Podcast, Jason Williams and Frank Patalano dive into one of the most common struggles new investors face: choosing a market. They share wh…
Transformational vs. Transactional: Lessons from Education, Events, and Real Estate
Episode Overview
In this episode of the Ironclad Underwriting Podcast, host Jason Williams is joined by his wife and business partner, Angel Williams, along with fellow partner and former educator, Fr…
Blind Spots in Underwriting Models: Why Numbers Alone Can’t Save You
Overview
In this episode of the Ironclad Underwriting Podcast, Jason Williams and his business partner Frank Patalano tackle one of the biggest red flags in real estate underwriting, blindly plugging …
Mindset Meets Metrics: Underwriting with Certainty, Clarity, and Confidence
🎙️Episode Title
"Mindset Meets Metrics: Underwriting with Certainty, Clarity, and Confidence"
🔍Overview
In this episode of the Ironclad Underwriting Podcast, host Jason Williams sits down with business …
Temporary Trends, Permanent Consequences: The Dangers of Short-Term Thinking in Underwriting
🔍 Episode Overview:
In this episode of Ironclad Underwriting, host Jason Williams is joined by business partner Frank Patalano to discuss one of the most common (and costly) red flags in real estate i…
Trust, But Verify: The Due Diligence Deep Dive Every Investor Needs
🔍 Episode Overview:
In this eye-opening episode, Jason Williams and Frank Patalano dive deep into the critical principle of “trust, but verify” in commercial real estate underwriting. What starts as a…
Lessons from the Trenches: Mentorship That Moves the Needle
🎙️ Episode Overview
In this episode of Ironclad Underwriting, host Jason Williams is joined by his business partner Frank Patalano to dive deep into the real value of mentorship in commercial real est…
Show Me the Fees: How Syndicators Profit (and Protect Your Investment)
Episode Overview
In this episode, Jason and Frank break down exactly how syndicators in commercial real estate make money, and why it's not only fair, but necessary for investors to want their GP team…
Decoding Return Metrics: What Investors Really Need to Know
Episode Overview:
In this value-packed episode of The Ironclad Underwriting Podcast, host Jason Williams and guest Frank Patalano break down the essential return metrics that every investor and operat…
Cap Rates, Interest Rates & Value-Add: What Every Underwriter Needs to Know
Episode Overview
In this episode of Ironclad Underwriting, host Jason Williams is joined by commercial real estate investor Frank Patalano to unpack one of the most essential concepts in commercial un…
Underwriting with Integrity: Revenue Assumptions, Expense Ranges, and Pro Forma Truths
📖 Episode Overview
In this episode, Jason and Frank pull back the curtain on the most manipulated areas of underwriting: revenue assumptions and operating expenses.
They explore how pro formas can be …
Underwriting Insights & Real Estate Journeys
🔍 Episode Overview:
Welcome to the inaugural episode of Ironclad Underwriting! In this episode, Jason and Frank introduce themselves, share their real estate journeys, and set the stage for what liste…