Also known as an owners corporation, a body corporate is a group established by the owners of a...
Author - Kevin Coulston
Capitalization Rate
This is the value of a property when its (NOI) net operating income is divided by its sales price...
Effective Gross Income
This is calculated by adding the potential rental gross income and other income and subsequently...
Class C Building
Part of the BOMA building classification system, buildings classified as Class C are found in...
Draw Request
This refers to regular requests from a borrower's construction loan that the lender provides...
Debt-service ratio
This is the ratio of debt payments to the household gross income. On top of the main wage earner's...
Competitive Inventory
This refers to both multi-tenant and single-tenant buildings and structures that usually contain...
Hard Costs
Also known as direct costs, hard costs are development costs that correspond to the physical...
HUBZone (SBA HUBZone Program)
This is a US Small Business Administration (SBA) program applicable to smaller companies that...
Before-Tax Investment Value
This is the totality of the present values of the mortgagee and mortgagor of a certain property.
