Property Types Assisted Living Senior housing offering personal-care help with daily living activities.
Property Types Brownstone A row house, typically 3-5 stories, faced with reddish-brown sandstone — common in NYC and Boston.
Private & Hard Money Loan-to-ARV (LTARV) Loan amount as a percentage of after-repair value, common in rehab loans.
Private & Hard Money Loan-to-Cost (LTC) Loan amount as a percentage of total project cost, used in fix-and-flip and construction lending.
Private & Hard Money Maturity Default Defaulting because a loan reaches its end date and isn’t paid off.
Private & Hard Money Mezzanine Loan A hybrid debt-equity loan that is subordinate to senior debt and often convertible to equity on default.
Private & Hard Money Recourse Loan A loan where the borrower is personally liable beyond the collateral.
Private & Hard Money Soft Money Loan An asset-backed loan with terms between conventional and hard money.
Private & Hard Money Sponsor Equity The cash the borrower (sponsor) puts into a deal alongside private financing.
Property Management Habitable Standards Minimum legal requirements for a rental’s safety and livability.
Property Management Implied Warranty of Habitability The legal doctrine that landlords must keep rentals safe and livable.
