This type of mortgage is used to fund the purchase of two or more parcels of real property. It is commonly utilized to fund commercial purchases. An example of this is when a real estate developer owns several undeveloped lots...
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Basis
This is the total sum paid for a property. It is a property's purchase price, and it includes commissions and other expenses. Basis is used to determine capital gains and losses for the purposes of taxation.
Due Diligence
This is the process of thoroughly examining a property, related documents, and procedures in order to reduce the risk for both the lender and the buyer.
Cost Approach
This is a method of measuring the market value of a property wherein it is equal to the cost of the land plus the cost of construction and less the depreciation. Cost approach yields the most accurate market price when the...
Data Dispersion
Also referred to as variation about the mean, data dispersion is the degree of the amount wherein data points in a series are dispersed or spread about their mean.
Good News Money
This refers to added funds that are paid out to the borrower by the mortgage lender once "good news" event happens. An example of this is an owner ending a lease agreement with a long term tenant in the building or coming to a...
Drag-Along Rights
This refers to a right that gives power to the majority shareholder to enforce a minority shareholder to join in a particular companies sale. In this situation, the majority owner that is dragging is required to give the minority...
Contiguous
Also referred to as adjoining, contiguous means that a property is touching at some point or along a specified boundary.
industrial building
This is a structure primarily used for manufacturing, production, maintenance, research and development, and storage and distribution of goods. It may have a dedicated office space. There are three types of industrial buildings:...
Buy Online and Return in Store (BORIS)
Also an omnichannel retail experience, BORIS refers to the method wherein the buyer purchases an item online, the item is then shipped to their preferred location, and if the buyer decides to return or exchange the item, they'll...
