CONTACT
1.800.496.0235
info@tenacitygroup.com
MORE INFORMATION
Tenant Associations Borrowers
Commercial Borrowers
Capital Vocabulary
Commercial Lending
Tenacity Financial
Tenacity Capital
Tenacity Capital > Capital Vocabulary
Hard Money Loans: non-conventional real estate loans where the lender can approve the loan based on real estate equity, side-stepping much of the verification that a federally-insured bank might require to lend the same amount of money.
Pre-Development Costs: Costs related to a specific project including expenses to determine project feasibility, consulting fees, costs of preliminary financial applications, legal fees, architectural fees, engineering fees, engagement of a development team, site control and title clearance. Predevelopment costs does not include general operational or administrative costs.
Asset-based loan: a loan where the asset-based lender takes a first priority security interest in those assets financed. Also called Secured Lending and Equity Funding.
Direct lender: A financing company where there are no intermediaries between the borrower and the source of funding.
Loan-to-value (LTV) ratio: The relationship between the dollar amount of a borrower's mortgage loan and the value of the property.
Recapitalization: The financial restructuring of a property to bring in capital, improve operations, and/or enhance performance. It may or may not involve new debt or a change in ownership.
