Floor Loan
A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the initial construction stage of occupancy. At its inception, a floor loan may fund up to 75% of the principal amount of the total loan and then provide additional portions of the principal as the building is constructed.
Popular Real Estate Terms
Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space. ...
A step's edge. ...
List of business property. ...
Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
Right of an individual to be offered something before it is offered to others. For example, a tenant whose apartment is going to be converted to a cooperative has the first right of ...
Situation in which a business debts exceed the fair market value of its assets. ...
The individual responsible for an escrow account. ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
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