Real Estate Owned (REO)
Real estate that are owned by banks, mortgage lenders, government agencies or servicers on behalf of investors as a result of foreclosure, acceptance of a deed-in-lieu of foreclosure or [...]
Loan to Cost (LTC)
The A-piece amount that is currently distributed divided by the cost basis (purchase price plus any hard construction costs).
Track Record
The borrower or guarantor’s experience in successfully completing real estate investments.
