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Real Estate Dictionary

What is the HUD 232 Program?

The HUD 232 Program is an FHA-insured loan program that provides long-term, non-recourse financing for the construction, acquisition, rehabilitation, or refinancing of senior housing and healthcare facilities, offering low fixed interest rates and high loan-to-value ratios.

February 11, 2025

What's the Difference Between an Appraiser and a Valuation Consultant in Real Estate?

An appraiser provides certified, regulated property valuations for legal, tax, and lending purposes, while a valuation consultant offers flexible, strategic market insights and investment analysis without formal certification requirements.

February 11, 2025

What are the Tax Implications of Renting your Primary Residence?

Renting your primary residence requires reporting rental income, allows expense deductions, may trigger depreciation recapture and partial capital gains tax upon sale if rented for more than 3 years, but you can avoid tax on short-term rentals (≤14 days) and potentially exclude up to $500K in gains if you meet the 2-out-of-5-year residency rule.

February 9, 2025

Can You Deduct Renovation Expenses for Rental Property?

Renovation expenses for a rental property are fully deductible in the year incurred if they are repairs, but must be depreciated over time if they are capital improvements that increase the property's value or extend its life.

February 9, 2025

What is a Merchant Builder in Commercial Real Estate?

A Merchant Builder in commercial real estate is a developer who constructs properties with the intent to sell them quickly after stabilization, focusing on short-term value creation rather than long-term ownership and cash flow.

February 9, 2025

SBA 7(a) vs SBA 504 in Commercial Real Estate

The SBA 7(a) loan offers flexible financing for real estate, working capital, and business needs with a single lender, while the SBA 504 loan is ideal for owner-occupied commercial real estate with lower down payments and long-term fixed rates through a dual-lender structure.

February 9, 2025

What is FAR in Real Estate Development?

FAR (Floor Area Ratio) is a zoning metric that determines the maximum allowable building floor area relative to the lot size, regulating density, height, and development potential.

February 9, 2025

Top 10 Real Estate Development Masters Programs in 2025

The top Real Estate Development Master's programs in 2025 include Columbia, USC, MIT, Harvard, NYU, Cornell, Wharton, UC Berkeley, Georgetown, and DePaul, each offering specialized education in finance, sustainability, and development with strong industry connections.

February 9, 2025

Top Life Company Lenders in 2025

In 2025, top life company lenders, including Apollo Global, Nippon Life, JAB Holding, Sixth Street, and BlackRock, are expanding their lending capabilities through strategic acquisitions and partnerships, leveraging substantial assets to fill gaps left by traditional banks.

February 9, 2025

What is a Life Company Loan in Commercial Real Estate?

A Life Company Loan in commercial real estate is a long-term, low-leverage, fixed-rate mortgage offered by life insurance companies for high-quality, stabilized properties, typically featuring conservative underwriting, non-recourse terms, and prepayment penalties like yield maintenance or defeasance.

February 9, 2025
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