The Ultimate Private Lending Glossary​
The Ultimate Private Lending Glossary
From market trends to government regulations, the private lending industry is constantly evolving — and so is the language that exists within it. This dynamic landscape can make industry jargon challenging for even the most seasoned of lenders, signifying the need for a resource that can grow alongside the industry. Our Private Lending Glossary is a comprehensive and evolving guide, intended to empower professionals with clear and relevant definitions. Written and regularly updated by our attorneys, the Private Lending Glossary reflects decades of legal and industry expertise. We invite you to utilize this glossary as a tool in your professional journey. To explore, to learn, and to return to whenever new developments arrive in the private lending space.
-The Fortra Law team
- Adjustable-Rate Mortgage (ARM)
- After Repaired Value (ARV)Â
- Aggregator
- Amortization Schedule
- Amortize
- Annual Percentage Rate (APR)Â
- AppraisalÂ
- As Is ValueÂ
- Asset-Based Lending
- Assignment & AllongeÂ
- Assignment of Rent (AOR)Â Â
- Assumption of Mortgage Â
- Balance SheetÂ
- Balance Sheet LenderÂ
- Balloon Payment
- Bridge LoanÂ
- Broker
- Broker DealerÂ
- Broker Price Opinion (BPO)Â
- Business Purpose Lending (BPL)Â
- Capital Sources
- Capitalization Rate (Cap Rate)Â
- Cash Out Refinance Â
- Combined Loan to Value (CLTV)
- Commercial Real Estate (CRE)Â Â
- Construction Reserve / Draws
- Correspondence Program Â
- Correspondent LenderÂ
- Credit Facility Â
- Cross CollateralizationÂ
- Debt FundÂ
- Debt ServiceÂ
- Debt-Service Coverage Ratio (DSCR)Â
- Debt to Income Ratio (DTI)Â
- Deed in Lieu of ForeclosureÂ
- Deed of TrustÂ
- Default Â
- Delinquent
- Desktop Appraisal
- Direct Lender
- Dry FundingÂ
- DSCR Loan
- Dutch InterestÂ
- Environmental IndemnityÂ
- EscrowÂ
- Exit FeeÂ
- ExtensionÂ
- Family Offices
- Fix & Flip Loan / Rehabilitation Loan Â
- Fixed Interest RateÂ
- Forbearance
- ForeclosureÂ
- Full RecourseÂ
- Fully Amortized Adjustable-Rate Mortgage (ARM)Â
- FundÂ
- Ground-Up Construction Loan Â
- Hard Money LendingÂ
- High Net Worth Investors (HNWI)Â
- Home Equity Line of Credit (HELOC)Â
- Income PropertyÂ
- Institutional Investors
- Interest Reserve
- Judicial ForeclosureÂ
- Junior Loan
- Key Principal (KP)
- Land Loan
- Lender FinanceÂ
- Lien
- Liquid Asset
- Loan Buyer
- Loan FeesÂ
- Loan Origination
- Loan to Cost (LTC)
- Loan to Value (LTV)
- Master Repurchase AgreementÂ
- Mezzanine Loan
- Mortgage Banker
- Mortgage InsuranceÂ
- Net Operating Income (NOI)Â
- Non-Performing Loan (NPL)Â Â
- Note-on-Note Financing
- Originator Â
- Personal Guaranty
- Prepayment PenaltyÂ
- PrequalificationÂ
- PrincipalÂ
- Private Equity Firms
- Private Label Securitization Â
- Private Lender
- Private Lending
- Private Money Lending Â
- Promissory NoteÂ
- Qualifying Mortgage Â
- Rated Securitization
- Real Estate Investment Trusts (REITs)Â
- Real Estate Owned (REO)Â
- Registered Investment Advisors (RIA)Â
- Reperforming Loan (RPL)
- Residential Transitionary Lending (RTL)Â Â
- Secured Loan
- Securitization
- Senior Loan
- Shadow Funding
- Shared Appreciation Mortgage (SAM)
- Table Funding
- Title Insurance
- Ultra-High Net Worth Individual
- Unsecured Loan
- Usury
- Valuation
- Warehouse Line of Credit (WLOC)
- Weighted Average Coupon
- Weighted Average Life
- White Label
- White Label Lender
- Wholesale Lender
- Workout
- X-Date
- Yield
- Yield Spread Premiums (YS)
- Zone/Zoning