What are Replacement Reserves?
Replacement reserves are funds that are earmarked for replacing building components and equipment which will wear out over time.
What is a Skilled Nursing Facility?
Skilled nursing facilities are state-licensed, long-term care facilities that offer round-the-clock care for residents dependent on nursing care.
What is a Senior Housing?
Senior housing is a general term denoting housing suitable for older adults. This type of housing emphasizes safety and accessibility. Options range from round-the-clock care facilities to independent living communities. HUD 232 loans can finance many types of senior housing facilities, but facili
What is Prepayment?
Prepayment is paying off a loan balance before maturity (the end of the loan term).
What is NOI (Net Operating Income)?
NOI, or net operating income, is calculated by taking a property’s gross income and subtracting reasonable operating expenses.
What is a Market Capitalization Rate (Cap Rate)?
A market capitalization rate, or cap rate, is a value that compares different real estate investments.