Glossary

Loan typically issued by a non-Bank lender based on the quick-sale of a piece of commercial real estate, an opportunistic opportunity to acquire property at a bargain price and possibly a distressed financial situation that may not qualify for traditional conventional financing. Hard money loans generally are short term Bridge Loans" and carry high rates of interest and points. "

Insurance required showing the lender as loss payee covering certain risks on real and personal property used for securing loans.

A commonly used expression referring to an office building, that is high enough to require an elevator.