The act of using an asset that is currently being used as collateral for a loan as collateral for a second loan

The ownership of a mortgage note or other note receivable secured by real estate assets owned by another party

Projected NOI over the following four quarters as a ratio of projected interest and scheduled amortization payments on bank (not shareholder) loans over the same period. This is a ...

Das voraussichtliche Netto-Betriebsergebnis (engl. Net Operating Income, NOI) der  folgenden vier Quartale als Verhältnis zwischen den voraussichtlichen Zinsen und geplan ...

Used to measure the amount of cash flow from the property/ investment's operations that is available to meet annual interest and principal payments on debt. A DSCR of greater t ...

Fixed rate debt has a pre-determined or locked interest rate or coupon that is payable at specified dates. Due to its fixed nature, the fixed-rate debt is not susceptible to fluctu ...

Floating rate debt contains a variable coupon that is commonly equal to a money market reference rate, or a federal funds rate plus a specified spread. Although the spread remains ...

Credit enhancement by an issuer (in this case, either the investor or the fund).

The percentage of floating rate debt that has been transformed into fixed rate debt through interest rate swaps or other types of derivatives.

A financial instrument whose cash flows should offset changes in the cash flows of a designated hedged item (asset, liability, or investment).