Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Qualified Borrower

A fund vehicle (often a holding company for an investment or a portfolio company) that is a borrower under a subscription-backed credit facility whose obligations are guaranteed by the fund vehicle itself; typically do not provide collateral.

Source: NCREIF | Date: 09 September 2025 | ID: D1384 | Version: 1