Transcript Real Estate Jeopardy - OnCourse Publishing

Real Estate QUIZMASTER
Definitions
Analytical
Acronyms
Potpourri
Miscellaneous
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
Definitions
Analytical
Acronyms
Potpourri
Miscellaneous
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 100
A general expression of
interest from the lender
containing an outline of the
terms on which the
institution would be willing
to make the loan
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 200
A binding contract
between the borrower
and lender to complete a
financing transaction on
specific terms and
conditions
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 300
The difference between
the value of a mortgage
pool as individual
mortgages and as a pool
of CMBSs
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 400
The ____ tranche is the
residual tranche which
receives the lowest
priority of the property
repayment proceeds
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 500
These provisions allow the
lender to collect the difference
between the property’s value
and the loan amount in the
event that the borrower defaults
on the loan
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 100
DCR = N O I
?????
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 200
Loan terms for commercial
loans are ____ than those
for residential loans
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 300
_____ allow the
borrower to have no
involvement in the
securitization process
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 400
Residential loan sizes
are _____ as compares
to commercial loan
sizes
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 500
Commercial financing
transactions are _____
standardized than
residential ones
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 100
APR
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 200
DSCR
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 300
RESPA
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 400
NOI
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 500
C MB S
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Potpourri for 100
The government agency
with the acronym
FHLMC is better known
as ______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
DAILY
DOUBLE
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Daily Double
Potpourri for 200
A 1.25 DCR implies a
____% cushion
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Potpourri for 300
The ____ Act requires
the calculation of the
APR
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Potpourri for 400
The government agency
with the acronym FNMA
is better known as
______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Potpourri for 500
The maximum increase in vacancy which
will still allow a property which has
operating expenses of $367,083 which are
not passed through to the tenants, and debt
service of $2,777,738 per year, to break
even if the current occupancy rate is
97.06% and the Gross Potential Rent is
estimated at $3,492,067
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 100
Of Conduits, Government
Agencies and Multiple Listing
Services, the source which
does NOT contribute to
Mortgage loans in a CMBS
issue
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 200
CMBS mortgage
loans are serviced by
a _____
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 300
Of Tenant Credit, Puffery and
Lease Structure, the issue with
which an underwriter should
NOT be concerned with during
the analysis of a completed
building
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 400
The Appraisal, Title,
Environmental Audit and
other documents are
contained in the ______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 500
Of Initiative Pricing, Cross
Collateralization and LTV,
the one that does NOT
directly influence the
probability of default
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner