MIP is a type of mortgage insurance necessary when the down payment is less than 20%. It protects lenders from the higher risk associated with such loans.
Mortgage debt service refers to the total amount of monthly payments made to cover both the principal and interest on a mortgage loan.
These model units are meticulously designed to showcase the best features and layouts of the apartment complex. They often include carefully selected furnishings and decor to highlight the unit's potential.
This type of development is designed to create pedestrian-friendly environments. It does this by combining various urban functionalities into cohesive spaces.
These buildings typically range from 5 to 11 stories, offering a balance between density and community living.
Mezzanine debt enables investors to enhance their financial structures by leveraging additional capital without giving away a significant equity stake.
This type of housing is crucial because it sets the standard for the broader real estate market. It influences the cost and availability of rental and for-sale units for middle and high-income earners.
Market value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm's length transaction.
These communities offer a unique combination of affordability and community living.
