Investing Terms & Definitions Pt: 2
ANCHOR TENANT/PRIME TENANT: In A Shopping Center Or Office Building, The Tenant Who Occupies The Most Space. Considered Creditworthy And Attract Customers To The Center.
ARBITRAGE: Buying In One Market, Selling Simultaneously In Another To Make A Profit.
ARV: After Repair Value
BALLOON PAYMENT: When The Loan Is Due. The Final Payment Of A Loan, When The Payment Is Greater Than The Preceding Installment Payments.
BANKRUPTCY CRAMDOWN: Before The BK Is Filed, The Note Holder Wants To Reduce The Selling Price To Avoid A Bankruptcy.
BASIS POINTS: 100 Basis Points = 1%
BPO: Broker’s Price Opinion. Less Expensive Than An Appraisal.
BRIDGE LOAN: Mortgage Financing Between The Termination Of One Loan And The Beginning Of Another Loan.
BUY DOWN: A Loan That Has Been Bought Down By The Seller For The Benefit Of The Buyer.
CA: Confidentiality Agreement (Usually Prefer The Term NDA). Agreement Designed To Protect Against Misuse Of Sensitive Information.
CAM: Common Area Maintenance