De-FINE
Total property revenue minus operating expenses, before debt service and taxes.
NOI
What building is taller? The Eiffel Tower or OneWorld Trade Center
OneWorld Trade Center
Eiffel Tower: 1,063 feet (324 meters) tall
Right or Wrong???? I can extend a GA as many times as I want
WRONG---maximum allowable extensions for GA requests are 90-days provided the date of the last PD is within the last 15 months
What are the 3 main NOORE asset classes?
Office, Retail, Industrial
AOC
Abundance of Caution
Once a Property reaches projected level of occupancy, it is considered to be what?
Stabilized
How many Disney resorts are there worldwide?
There are 6 Disney theme parks spread across 6 resort destinations around the world.
FL, CA, Japan, France, Hong Kong and Shanghai
A current personal financial statement
15 months from last statement received
Name at least three types of special purpose real estate.
Restaurants, fast food, marinas, schools, daycare, auto or marine dealerships, vet clinics
CAM
Common Area Maintenance
This term is used to describe real estate and is specific for every single parcel. No two properties will have the exact same one.
Legal description
Where is the tallest office building?
Surat Diamond Bourse in Surat, Gujarat, India.
A 15-story complex spanning 35 acres with nine interconnected towers arranged around a central axis Approximately 7.1 million square feet. Serves as a global center and trading hub for the diamond industry, accommodating over 65,000 diamond professionals and more than 4,500 office
What is the guaranty policy for FCB?
Owners with 25% interest
Give two examples of mixed use properties.
MF/retail or office/retail
UEL
Unencumbered liquidity
This is a written stament of value. FCB can't do a loan without one if the loan is >$1MM.
Appraisal
How many SF in a stadium sized football field?
57,600 SF
When is a BIS required on a New Non-Medical Borrower
New $ >= $3MM
Name an asset class where FCB appetite is restricted.
Manufactured Housing, Luxury/Full Service Hotel, Resort/Casino, Healthcare (assisted living, retirement communities)., For-sale Residential Construction, Land/Agricultural-Farmland
LHI
Leasehold Improvements
This appraisal approach is needed for all non-owner occupied real estate
Leased Fee
What is the oldest building in Raleigh, NC?
Joel Lane Museum House, built in 1769.
What percentage constitutes HLTV?
> 85%
How do you calculate RevPAR?
RevPar= Hotel's average daily room rate (ADR) x Occupancy Rate
Remaining Useful Life