How do banks calculate NOI mid-year?

[Jon Blackburn]

For the purposes of financing a commercial multi family property in August, how would a bank typically calculate current NOI? Would they look at trailing 12 months? Or take 2019 since it's the most current full year? Something else?

[Chris Seveney]

@Jon Blackburn

When we just refinanced they looked at trailing 12 months. It may vary by lender.