Commercial Lending Glossary
A glossary of definitions for common terms used in commercial real estate hard money lending & CRE investing.
ALL A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ECOA

The Equal Credit Opportunity Act, popularly known as the ECOA, is a 1974 law which makes unlawful the discrimination of applicants-based on race, color, religion, national origin, sex, marital status, or age-by any creditor. Failure to comply can subject a financial institution to civil liability for various damages.
Electronic Funds Transfer (EFT)

The electronic transfer of money between banks. An EFT can take place between multiple financial institutions or within a single institution, and can include payments made with a credit card, direct deposits or debits, wire transfers, and e-checks.
Encumbrance

A claim against a property by a party that is not the owner. Most commonly, an encumbrance will be a mortgage, easements, or property tax liens - regardless of type, encumbrances impact the property's ability to be transferred, and usually must be cleared before the property can be freely used again.

Loans Closed

image descriptionNEW ORLEANS, LA Loan Amount: $450,000.00
image descriptionTHE VILLAGES, FL Loan Amount: $1,575,000.00
image descriptionBROOKLYN, NY Loan Amount: $6,000,000.00
image descriptionCOLUMBIA, SC Loan Amount: $635,000.00