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An investment rating of a real estate property measures the property’s risk-adjusted returns, relative to a completely risk-free asset. Mathematically, a property’s investment rating is the return a risk-free asset would have to yield to be termed as good an investment as the property whose rating is being calculated.
Short refinance. A short refinance is a transaction in which a lender agrees to refinance a borrower 's home for the current market value, in effect making it more cost effective for the borrower. The lender agrees to replace his own current loan with a new one, and pays off the difference. This new loan typically has a lower balance, and ...
en.wikipedia.org
Plot. Jake Baxter, an ex- Marine and a former racer, moves from Minnesota to Los Angeles, California, to earn money as a repo man, hoping to make at least $60,000 in three months in order to pay off his lot that is to be repossessed. He stops a thief from stealing the purse of Jenny, an aspiring actress, and the two have dinner.
Due-on-sale clause. A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.
The home was used as a filming location for the Apple TV+ series Loot. In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.
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