REAL ESTATE FINANCE GLOSSARY
P Terms
85 mortgage, lending, real estate and finance terms in this section.
Pad-Ready SiteConstruction & DevelopmentPaper LotConstruction & DevelopmentPar RateMortgage & Loan StructurePartial ReleaseTitle, Legal & ClosingPatriot ActCredit, Underwriting & BorrowerPayment BondConstruction & DevelopmentPayment CapMortgage & Loan StructurePayment ShockMortgage & Loan StructurePayoff LetterTitle, Legal & ClosingPayoff StatementMortgage & Loan StructurePayroll ExpenseCommercial & MultifamilyPercentage CompleteConstruction & DevelopmentPercentage LeaseCommercial & MultifamilyPerformance BondConstruction & DevelopmentPermanent CapitalBusiness, SBA & FinancePermanent FinancingMortgage & Loan StructurePermanent ResidentCredit, Underwriting & BorrowerPermanent Take-OutConstruction & DevelopmentPermitConstruction & DevelopmentPermit BudgetFix & Flip / RenovationPermit-ReadyConstruction & DevelopmentPersonal Financial StatementBusiness, SBA & FinancePersonal GuarantyTitle, Legal & ClosingPersonal Property ValueAppraisal & ValuationPersonal Tax ReturnBusiness, SBA & FinancePhase I Environmental Site AssessmentConstruction & DevelopmentPhase II Environmental Site AssessmentConstruction & DevelopmentPhysical DepreciationAppraisal & ValuationPhysical OccupancyCommercial & MultifamilyPhysical VacancyRental Property & DSCRPlatConstruction & DevelopmentPlatform FeeRental Property & DSCRPocket ListingReal Estate Investment & OperationsPolicy ExceptionCredit, Underwriting & BorrowerPopulation GrowthReal Estate Investment & OperationsPortfolio Cash FlowRental Property & DSCRPortfolio Cash-OutRental Property & DSCRPortfolio DSCRRental Property & DSCRPortfolio LoanRental Property & DSCRPortfolio LTVRental Property & DSCRPortfolio RefinanceRental Property & DSCRPost-Closing ConditionCredit, Underwriting & BorrowerPost-Closing LiquidityCommercial & MultifamilyPost-Closing ReservesCredit, Underwriting & BorrowerPotential Gross Income (PGI)Commercial & MultifamilyPower of AttorneyTitle, Legal & ClosingPreferred EquityBusiness, SBA & FinancePreferred ReturnReal Estate Investment & OperationsPreliminary PlatConstruction & DevelopmentPrepayment PenaltyMortgage & Loan StructurePrepayment PremiumMortgage & Loan StructurePrice AppreciationReal Estate Investment & OperationsPrice per Square FootAppraisal & ValuationPrice per UnitAppraisal & ValuationPrimary MarketReal Estate Investment & OperationsPrime RateMortgage & Loan StructurePrincipalMortgage & Loan StructurePrincipal CurtailmentMortgage & Loan StructurePrior-to-Doc ConditionCredit, Underwriting & BorrowerPrior-to-Funding ConditionCredit, Underwriting & BorrowerPrivate CreditBusiness, SBA & FinancePrivate DebtBusiness, SBA & FinancePrivate Placement Memorandum (PPM)Real Estate Investment & OperationsPro Forma NOICommercial & MultifamilyPro Forma RentRental Property & DSCRProduction BuilderConstruction & DevelopmentProfit and Loss Statement (P&L)Business, SBA & FinanceProfit MarginFix & Flip / RenovationProgress InspectionConstruction & DevelopmentProject OverrunFix & Flip / RenovationProject TimelineFix & Flip / RenovationPromissory NoteTitle, Legal & ClosingPromoteReal Estate Investment & OperationsProperty Condition AssessmentCommercial & MultifamilyProperty InsuranceCommercial & MultifamilyProperty ManagementReal Estate Investment & OperationsProperty Management FeeRental Property & DSCRProperty ManagerReal Estate Investment & OperationsProperty TaxInsurance, Taxes & EscrowsProrationTitle, Legal & ClosingProspective ValueAppraisal & ValuationPunch ListFix & Flip / RenovationPurchase and Sale AgreementReal Estate Investment & OperationsPurchase BasisFix & Flip / RenovationPurchase OptionReal Estate Investment & Operations