Dictionary of Real Estate Terms

0

Off Market Properties

Off market properties are properties that aren’t currently up for sale by the owner, listed on any listing services such as Zillow and Redfin, or

Third Party Reports

An environmental site assessment is the comprehensive review of an asset’s environmental liability and a report that lenders require during the due diligence period.

Single Purpose Entity Definition

A single purpose entity (SPE) is a borrowing entity which has no other assets or liabilities aside from those which it is being formed to

Housing Shortage

A housing shortage is when the demand for properties doesn’t match the supply. The United States is currently facing a housing shortage as there aren’t

Property Management – Real Estate Guide

Property management is the management of real estate through a third party. The property management team ensures that cash flow producing real estate property operates

Underwriting – Real Estate Guide

Underwriting is what lenders use the process of evaluating the financial and credit worthiness of a borrower relative to the real estate project. This helps