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Multifamily Loan Glossary

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Multifamily Glossary

Common Multifamily Loan Terms

Agency Lender
Amortization
Amortization Schedule
Assumable Loan
Bad Boy Carve-outs
Borrower
CAP Rate
Debt Service
Debt Service Coverage Ratio (DSCR)
Depreciation
Door
Defeasance
Estoppel
Effective gross income (EGI)
Fannie Mae
Freddie Mac
Loan to Value (LTV)
Multifamily
MAI Appraisal
Non-Recourse Loan

Operating Statement
Phase 1 Report
Phase 2 Report
Property Condition Report (PCA)
Personal Financial Statement (PFS)
Prepayment Penalty
Recourse loan
Rent Roll
RUBS
Seismic Report
Soft Quote
Step Down Prepayment Penalty
Single Asset Entity
Schedule of Real Estate (SREO)
Sponsor
T-12
Third party reports
Yield Maintenance
1031 Exchange

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This platform is not intended to solicit multifamily loans in Nevada. Fannie Mae® is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac® is a registered trademark of the Federal Home Loan Mortgage Corporation. Fannie Mae® and Freddie Mac® multifamily loan program information contained in this site has not been pre-approved by either agency and has been prepared exclusively by SoftQuotes. All such information is meant to be informational only, may not contain all relevant program details, and is otherwise subject to change without notice.