Multifamily Real Estate Glossary

What are modular homes?

Modular homes combine speed, efficiency, and customization in a cost-effective and environmentally friendly construction method.

February 24, 2024

Title Commitment Review Checklist

A title commitment review checklist is a tool used to ensure all necessary checks are completed before finalizing a real estate transaction, covering aspects like ownership verification, lien searches, and compliance with zoning regulations to prevent future legal issues. Here's an example.

February 21, 2024

What is a specific use permit (SUP) in real estate?

A SUP offers a flexible approach to zoning, allowing for exceptions to standard zoning regulations when deemed appropriate by local authorities, thereby accommodating unique or beneficial uses that might not be otherwise permitted.

February 21, 2024

How can zoning laws be beneficial to a city’s residents?

Zoning laws serve as a framework for sustainable and organized urban development, safeguarding residents' quality of life and guiding city growth.

February 21, 2024

What is a Simultaneous 1031 Exchange?

A simultaneous 1031 exchange is a tax-deferral strategy for investors, swapping investment properties in a tightly coordinated, same-time transaction to avoid immediate capital gains taxes.

February 21, 2024

What does economic base mean in real estate?

The economic base in real estate refers to the primary industries driving a region's economy, which significantly influences real estate demand, property values, investment decisions, and urban development.

February 17, 2024

What is gap funding in real estate?

Gap funding in real estate, often termed as a bridge loan, is a short-term financing option used by investors to cover the financial "gap" between available funds and the total project cost, typically carrying higher interest rates due to its riskier nature.

February 13, 2024

What is a Fannie Mae MTEB?

The Fannie Mae MTEB program allows multifamily affordable housing properties to use Mortgage-Backed Securities as collateral to enhance credit for fixed-rate bond issues or re-fundings, facilitating faster closings and offering various financial benefits.

February 13, 2024

What is a VCR apartment charge?

A Vacant Cost Recovery (VCR) charge in real estate is a fee imposed on property owners for vacant units to cover ongoing maintenance and service costs, encouraging occupancy and mitigating negative community impacts.

February 13, 2024

What are some things to consider for ground level commercial lease renewals?

Ground-level commercial lease renewals rely on negotiating terms that reflect current market conditions, with a clear agreement on rent, maintenance responsibilities, and operational terms to ensure a beneficial arrangement for both tenant and landlord. Here are some tips for a smooth negotiation process.

February 13, 2024

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Multifamily Real Estate Glossary

What are modular homes?

Title Commitment Review Checklist

What is a specific use permit (SUP) in real estate?

How can zoning laws be beneficial to a city’s residents?

What is a Simultaneous 1031 Exchange?

What does economic base mean in real estate?

What is gap funding in real estate?

What is a Fannie Mae MTEB?

What is a VCR apartment charge?

What are some things to consider for ground level commercial lease renewals?

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