Banker’s Briefs.
The terms a credit committee uses, in five-minute decks. Each brief gives you the concept, then works the numbers on a Florida deal. 78 briefs, 780 cards, all free.
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Banker's Brief: REO (Real Estate Owned)
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Every brief, by topic
REO & Distress
REO (Real Estate Owned) · Non-Performing Loans · Note Sales · Discounted Payoff · Deed in Lieu · Commercial Short Sale · Loan Workouts · Forbearance · Florida Judicial Foreclosure · Foreclosure Auctions · Lis Pendens · Court-Appointed Receivers · UCC Foreclosure · CMBS Special Servicers · FDIC Receivership
Valuation
Broker Price Opinions · Appraisals · Cap Rates · Going-In and Going-Out Caps · Net Operating Income · Effective Gross Income · Gross Rent Multiplier · Vacancy Rate · Absorption · Loss to Lease · Operating Expense Ratio · Replacement Reserves · Floor Area Ratio · Covered Land Plays
Lending & Debt
DSCR · Debt Yield · Loan to Value · Loan to Cost · Amortization · Interest-Only Loans · Bridge Loans · Refinancing · Prepayment and Yield Maintenance · CMBS · Agency Multifamily · HUD Multifamily · SBA 7(a) and 504 · Non-Recourse Debt · Bad-Boy Carve-Outs · Personal Guarantees · Completion and Tenant Guaranties · Leverage
Returns & Structures
IRR · Levered vs Unlevered IRR · MIRR · NPV and DCF · Levered and Unlevered Cash Flow · Cash-on-Cash Return · Equity Multiple · Yield on Cost · Breakeven Occupancy · Waterfalls and Promotes · Pref Equity vs Mezzanine · Delaware Statutory Trusts · Opportunity Zones
Leases, Deals & Florida
Lease Types · Triple Net Leases · Ground Leases · Sale-Leasebacks · TI Allowances · Estoppels and SNDAs · LOI and Due Diligence · Phase I and II ESAs · Zoning and Entitlements · Title Insurance · 1031 Exchanges · 1031 Boot · Qualified Intermediaries · Cost Seg and Recapture · Florida Doc Stamp Tax · Florida Intangible Tax · Millage Rates · Florida Insurance
Going deeper? The Learn Commercial Real Estate courses have full course decks, and the CRE glossary covers 600+ terms.