RE Finance Unit 3: Institutional Lenders for RE Flashcards
1
Q
Credit Union
A
Organization formed by a homogeneous group for banking purposes (e.g., a government employees credit union).
2
Q
Equity Loan
A
Money loaned to borrowers based on a percentage of the equity held in the collateral property.
3
Q
Financial Intermediary
A
Financial institution that accepts deposits and makes loans.
4
Q
Interim Financing
A
A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing.
5
Q
Participation Financing
A
a sharing or selling of interests in a loan.
6
Q
Underwrite
A
Process of evaluating borrower credit, collateral value, and risks involved in making a loan.
