Provisions within nonrecourse commercial real estate loans where the borrower may become personally liable in the event of certain egregious acts (e.g. fraud). Recently, lenders ha ...

Any loan where the proceeds are used to finance construction of some kind. In the United States Financial Services industry, however, a construction loan is a more specific type of ...

A percentage of property net income or cash flow after debt service in a participating loan.

An existing condition, situation, or set of circumstances involving uncertainty as to possible outcome (such as Guarantees and/or Carve-Outs) to an enterprise that will ultimately ...

The base or minimum interest rate paid exclusive of amounts payable as a result of the participation feature.

The nominal principal of a loan exclusive of amounts payable as a result of any participation feature.

Additional collateral, insurance, or third party guarantee required by the borrower generally in exchange for a lower interest rate or cost of capital.

The act of using an asset that is currently being used as collateral for a loan as collateral for a second loan

The ownership of a mortgage note or other note receivable secured by real estate assets owned by another party

Projected NOI over the following four quarters as a ratio of projected interest and scheduled amortization payments on bank (not shareholder) loans over the same period. This is a ...