Hello, this is Richard C. Wilson from The Family Office Club. I’m here in Monterrey, Mexico, as you can see behind me, and I am speaking at a family business summit here and just got off stage talking about how we work with...
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Chattel
This refers to personal property and can also be called personalty. In contrast with realty, chattel is any piece of property that you can move such as household goods like lamps, chairs, and desks.
Creditworthy Tenant
This is a tenant who has been in business for several years. They have strong financial statements or a large presence in the market that could be rated as investment-grade by a rating agency. When a tenant is financially stable...
Condominium
This refers to a form of real estate in which each suite is individually owned, typically by the tenant of the space. In the U.S., condominiums are often used for residential purposes; however, some commercial condominiums do...
building line
This is a line specified at a particular distance from the front and/or sides of a lot beyond which no structure cannot be placed. These are also known as setbacks as a building must be set back a fixed distance from the property...
DSCR
This is short for debt service coverage ratio, which is a metric used to measure a property's ability to cover all ofits debt obligations. The DSCR is calculated by dividing the annual net operating income (NOI) by the annual...
Effective gross rent (EGR)
This is the net rent generated by a property after adjusting for tenant improvement and other capital costs as well as lease commissions and other sales expenses.
Deal structure
Deals in the financing of an acquisition can be leveraged, unleveraged, participating debt, traditional debt, convertible debt, or joint ventures.
Encroachment
This is a structure or fixture that typically occupies a portion of another's property. It includes walls and fences. To solve the issue, the rightful owner can be paid for the use of the property or there can be a court-ordered...
Family Office Q & A Webinar [Recorded Live]
All right. Welcome, everybody, to The Family Office Q&A Webinar. Today, we’re going to be going through questions that you have. We’re going to be getting in a lot of questions from participants, I’m sure. I...
