The A–Z of Commercial Real Estate Financing
A plain-English glossary of the terms you meet in a commercial loan term sheet, from amortization and DSCR to recourse, defeasance and yield maintenance.
Topic
Articles about financing in real estate financing and investment.
44 articles · page 1 of 4
A plain-English glossary of the terms you meet in a commercial loan term sheet, from amortization and DSCR to recourse, defeasance and yield maintenance.
How cryptocurrency and stablecoins actually show up in property deals in Canada and the U.S.: paying, proving funds, tax on disposal and reporting rules.
Where blockchain and smart contracts are really used in mortgage lending and securitization, which projects are pilots, and what the technology cannot fix.
How to scope, budget, permit and finance the renovation of a run-down property, with the tax and lien rules that catch investors out in Canada and the U.S.
How to assess a closed or struggling hotel before you buy: brand and PIP status, building condition, permits and accessibility, exit options and financing.
How the capital stack works for hotels and apartment buildings: senior debt, mezzanine, preferred and common equity, and what each costs in money and control.
Why hotels and apartment buildings are financed differently, the main loan options for each in Canada and the U.S., and how to compare offers.
Banks, credit unions, life insurers, CMBS, agency and private lenders compared on cost, leverage, speed and flexibility, and how to choose the right one.
The public programs that lower the cost of building apartments and hotels in Canada and the U.S., from CMHC loans and tax rebates to LIHTC and partnerships.
Which capital projects raise income and value at a hotel or apartment building, which only protect it, and how to test the return before you spend.
NOI, cap rate, DSCR, occupancy, ADR, RevPAR and GRM explained, with worked examples of how appraisers and lenders value hotels and apartment buildings.
How green loans, CMHC MLI Select energy points, PACE, retrofit programs and impact investors work, and what a hotel or apartment project needs to qualify.