"C" Listings - Mortgage Glossary
- Cam – Common Area Maintenance. Charges for maintaining the common areas of a building, apartment complex...
- Cap Rate – Capitalization rate. The ratio used by potential real estate investors to estimate the value...
- Capital Expenditures – Money spent during a particular period of time to acquire or improve ...
- Capital Gain – A tax that the government likes to impose on profits realized from real estate investment sales...
- Capitalization Rate – The ratio used by potential real estate investors to estimate the value of real estate...
- Cash Flow – Net monthly cash position. Earnings before depreciation, appreciation, amortization and...
- Cash-Out Refinance – A refinancing of a loan or mortgage that allows the financer to take cash...
- Cash-To-Close – Total sum of cash required to close a deal. In real estate transactions...
- CBD Properties – Central Business District properties. Also known as "downtown" properties...
- CFAT – Cash Flow After Taxes. To calculate CFAT, first determine cash flow before taxes...
- CFBT – Cash Flow Before Taxes. Cash flow before any federal, state, and local income...
- Class A – The safest properties to invest in. High quality construction, prime location...
- Class B – Second-tier properties for investors. Medium quality construction...
- Class C – Lowest level of investment property. Low quality construction...
- Closing – Finalizing a deal, signing off on the paperwork. The official process of...
- Closing Costs – Costs associated with closing a deal. Usually required to be paid in cash...
- CMBS – Commercial Mortgage Backed Security. A type of bond commonly issued in the securities markets...
- Co-Borrower – A person who signs off on a loan in addition to the principle borrower...
- COFI – Cost of Funds Index. A COFI mortgage loan is an adjustable-rate mortgage ...
- Collateral – Securities or other properties pledge to support the financing of commercial loans...
- Commercial Land – Land that is zoned for office buildings, shopping centers, hotels, and apartments...
- Commercial Financing – Mortgage or other property loan obtained from a commercial...
- Commercial Loan – A mortgage or property loan obtained for the purpose of buying or developing...
- Commercial Loan Rates – Interest rates for commercial loans used to finance the purchase...
- Commercial Mortgage – A trust deed secured by investment real estate...
- Commercial Real Estate Loan – A commercial loan that is made for the purpose of obtaining...
- Commitment Letter – Written offer from a lenders that says he will grant a mortgage loan...
- Comparables – Similar properties in close proximity which have sold recently...
- Comparative Market Analysis – An estimate of the value of a property based on...
- Concentric Circle Theory – Rings of neighborhoods or business properties surrounding...
- Condo Conversion Loan – A commercial loan which enables the condo owner to turn rental units into...
- Conduit – A financial intermediary that sponsors the conduit between the lender...
- Construction Loan – Loan made to finance the actual construction of improvements on land...
- Construction Type – The type of structure being build using a commercial mortgage...
- Contingency – Clause in a real estate investment contract that calls for something...
- Conventional Mortgage – A mortgage loan made for the purpose of buying property...
- Convey – To give or to transfer. For example, a contract may convey...
- Correspondent Lender – A bank that accepts deposits of, and performs services for another...
- Cost Approach – A value estimate of a property by one of three appraisal methods arrived...
- Cost Recovery – The Internal Revenue Service (IRS) term for depreciation...
- Credit Rated – Assigned a credit rating, which is an evaluation of a person's history or capacity...
- Credit Report – List of all reported credit and financial activity for a given...
- Credit Tenant – A tenant, who has obtained a debt rating by...
- Credit Tenant Net Lease – Any lease with a tenant who has a credit rating...
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