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The difference is related to when the loan originator gets his funds with respect to the time at which the real estate transaction takes place. During 'wet funding' the mortgage loan provider gets the funds at the same time as the loan is closed, i.e. before the loan documentation is sent to the warehouse credit provider.
Duke Realty's (DRE) amended and restatement of unsecured revolving credit facility allows the industrial REIT to lower its borrowing costs and offers sustainability-linked pricing incentive.
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
A revolving credit line allows borrowers to draw down, repay and reborrow as often as necessary. The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee).
Data from online real estate listing service and broker, Redfin , which ended its NAR membership last month, shows that buyers paid over $41 billion in broker fees last year.
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Here are five waste reduction tips you can implement at your facility. 1. Use inventory management software ... If you see the words “as-is” in a real estate listing, proceed with some caution ...
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.