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 ARM yourself with real estate's abbreviations
30-5-2006
You just signed a contract to a buy a property. The deal has a TOE and the ARM came in under the LTV you expected.
The seller refused to hold a PM and a UB was just filed by the city. Rather than end up in REO you apply for a new CofO and then settle with DHCR. You find out that there is additional FAR which makes the GRM less important, especially since this is an IMD building. You use an MLS to sell your new NOI and a REIT saves the day.
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