net branching n.— «Under the scenario, NARES was one of several shell corporations that operated under the name of “Pacific Bancorp.” The owners and directors of Pacific Bancorp granted franchise rights to do business in North Carolina to...
REO n.— «R.E.O. is industry lingo for “Real Estate Owned,” the term that bankers assign to homes they have taken in a foreclosure. Reomac is the industry group that serves the mortgage default trade, specializing in selling the busted-up...
off plan adv.— «“Many of them buy off plan, because they’re fearless,” she added, referring to the custom of putting money down on apartments long before they are completed.» —“An Irish Taste for Real Estate in...
Crispie n.— «They have bought so much property in England, Spain and in countries in Eastern Europe that they have been dubbed Crispies—short for cash-rich Irish seeking properties in Europe.» —“An Irish Taste for Real Estate in...
have hair on them v. phr.— «Mountain Funding, for example, has responded to increased competition by seeking investments “with some degree of hair on them,” Nevid says. The company has found less competition in land development and...
hair on it v. phr.— «This is the one sector where cap rates seem to be all over the place, in terms of—if it’s leased through, it’s no expression near-term, you have a great price, and if this there’s any hair on it, heavily discount it...