Advances are the settlements made by the lender when the borrower is unsuccessful in making a payment.
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Acquisition cost
This is the all-in cost to purchase an asset, be it a piece of land or a property, plus the associated transfer cost. This includes appraisal fees, commission, credit report, attorney's fees, documentation preparation, surveying...
AASHTO
AASHTO or the American Association of State Highway and Transportation Officials is a nonprofit and nonpartisan association that facilitates communications between transportation departments in every state and the federal...
Amortized Mortgage
This is a mortgage loan wherein both the principal and the interest are payable in either monthly or periodic installments during the course of the loan. How it works is that the debt decreases steadily at the start and then...
How to Start a Family Office
Richard C. Wilson discussing his new book, How to Start a Family Office: Blueprints for setting up your single family office. Hello. This is Richard Wilson and today I wanted to introduce to you my latest book, How to Start a...
Rising Above the Noise
Richard C. Wilson shares some tips and tools on how to position your firm to stand out, and rise above the noise. Hello, this is Richard Wilson, coming to you from Key Biscayne Florida, and I just wanted to record this quick...
As-is condition
This is the existing condition of the premises that is accepted by the tenant at the time the lease is consummated. This would often include physical defects of the property. Once accepted, this forgoes any opportunity to request...
Assessment
This establishes the value of a certain asset for the purpose of calculating real property taxes. An assessment is calculated to determine any risk involved or the quality of a company's asset management. Values can be adjusted...
High Conviction Mindset
Richard discusses how important it is to have a high conviction in the projects that you are working on. Hello, this is Richard Wilson. I’m coming to you from downtown Philadelphia. I was just here to meet with a potential...