Commercial and Business Real Estate in Loveday

point
An amount equal to 1 percent of a loan amount. Points may be paid by a borrower at a time a loan is made to get the lower interest rate. Lenders offer various rate/point combinations.

homogenous
A term used to describe an area or neighborhood where a property types and uses may be similar and compatible.

commitment
A promise by the lender to make the loan with specific terms for the specified period.

fee simple defeasible
The owner of a property holds the fee simple title subject to certain conditions.