Aparti Capital Markets

01/07/2022

07/30/2021

This is an agreement between a lender and a borrower that acknowledges a default, and establishes modified terms by which both parties agree to keep working together.

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07/29/2021

Typically larger, finished tracts of land that are fully graded, with all utilities functioning up to the site. There are no internal roads or improvements, but the pad is graded and ready for development.

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07/29/2021

Fannie Mae also known as the Federal National Mortgage Association, is a government sponsored entity that was created to expand the secondary mortgage market. In terms of commercial real estate, Fannie is an active lender to multifamily owners

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07/29/2021

Economic Vacancy is a measure of how well a project performs, taking into account actual vacancy, plus units that are not leased to full potential (i.e., concessions).

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07/28/2021

Earn-out is an incentive offered by a lender where the lender will advance more loan proceeds as a property improves.

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07/28/2021

DSCR is a ratio that measures the difference between the property cash flow (NOI) and the debt service payments. The DSC is a measure of a loan’s safety, and is typically expressed as a multiple over breakeven, such as 1.10x, 1.20x, or 1.50x

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07/28/2021

The Cure Period is the time allowed to a borrower in default to fix or cure the problem causing the default.

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07/28/2021

A Credit Tentant is a company whose financial condition is rated by financial agencies such as Moody’s or Standard & Poor’s

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05/11/2021

Capital Improvements are alterations made to a property that are needed to keep the property in good physical condition, or that will help generate higher revenues.

What are some of the standard capital improvements you make to a property?

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02/25/2021

This is a term that you hear a lot in the commercial real estate space.

Simply put 1 basis point is equal to 0.01%. A 100 basis point increase is equal to a 1.00% increase.