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Real Estate Dictionary

Commercial Construction Loan Options in Real Estate

In commercial construction, the top financing options each offer unique leverage, interest, recourse, and underwriting considerations that must align with the project’s parameters and the sponsor’s qualifications.

January 7, 2025

What is a Lease Assignment in Commercial Real Estate?

A lease assignment, which transfers a tenant’s rights and obligations to a new tenant, can relieve the original tenant of costs, offer the new tenant potentially favorable terms, and maintain income for the landlord, yet also carries risks such as secondary liability, limited renegotiation, and default exposure.

January 7, 2025

What is RevPAR in Real Estate?

RevPAR (Revenue Per Available Room) is a key hospitality metric that measures how effectively a hotel converts its available rooms into revenue by combining occupancy and room rate performance.

January 4, 2025

What are Opportunity Loans in Real Estate?

“Opportunity Loans” in real estate generally refers to specialized or niche financing products—sometimes connected to Opportunity Zones, quick short-term funding, or nonprofit/government-backed programs—marketed to help borrowers seize unique property or investment opportunities.

January 4, 2025

What is a Debenture?

Debentures in real estate are unsecured debt instruments that provide flexible funding for property acquisitions or developments, backed by the issuer’s overall credit rather than specific assets, which can offer higher yields but carry greater risk for investors.

January 4, 2025

How Does the Fannie Mae Small Mortgage Loan Program Work?

The Fannie Mae Small Mortgage Loan Program offers competitive, non-recourse financing for multifamily properties with streamlined underwriting, flexible terms, and incentives for affordable and green housing.

January 4, 2025

What is Freddie Mac Optigo?

Freddie Mac Optigo® is a network of approved lenders offering standardized multifamily loan products that Freddie Mac purchases, securitizes, and uses to provide liquidity to the multifamily housing market.

January 4, 2025

What is JLL GPT?

JLL GPT is a generative AI model purpose-built for commercial real estate, leveraging JLL's proprietary data to streamline CRE processes, enhance insights, and improve client outcomes through AI-driven solutions.

January 4, 2025

What are the Most Popular Apartment Access Control Systems?

The most popular apartment access control systems include key fob/key card, cloud-based, mobile, video intercom, and keypad systems, offering varying levels of security and convenience for residents and property managers.

January 3, 2025

How Do Apartment Key Fobs Work?

Apartment key fobs use RFID or NFC technology to provide secure, wireless access to building entrances and amenities by transmitting a unique ID to an access reader for verification.

January 3, 2025
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