This refers to a real estate loan that is neither secured nor offered by a government entity. It is also not guaranteed by the VA or insured by the FHA. Conventional loans are available through a private lender or two government...
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Effective Gross Revenue
Also referred to as EGI or effective gross income, this is the total rent revenue and total other income minus any adjustment for credit loss and general vacancy.
Entity—level Fund
This is a fund that invests at the entity level. It invests in the securities of the operating company or takes an ownership position in the operating company.
Contract for exchange of real estate
This refers to a type of contract for the sale of real estate wherein the consideration is paid partially or wholly in real property as opposed to cash.
Confidence Range Method (95%)
This is a method in statistics that estimates the span of vacancy rates with ninety-five percent confidence that the anticipated vacancy rate for the following period falls within that scope. As input, it uses the corresponding...
Duplex
This is a building located on a single lot. It contains two dwelling units that are structurally attached, but each of them has a separate entrance and is divided from the other dwelling unit by a common entrance or party wall.
Capital Market
This refers to private and public markets wherein those who need capital are channeled to suppliers who have capital. Those who seek capital are typically people, businesses, and governments, while those with capital include...
Cost
This is the specific dollar amount that is paid for an asset or property. It may also refer to the amount needed to build or improve that property or asset at a predetermined time in the future.
Financing Memorandum
This is a mortgage financing request that is given to lenders by borrowers for commercial real estate for the lenders' investment consideration. The memorandum usually highlights terms and specifics such as the borrower's terms...
Commodity Pool Operator (CPO)
This refers to either an organization or individual that handles a commodity pool. They are the ones soliciting funds for the pool. It is an enterprise where a number of individuals contribute funds that are all merged for the...
