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1031 Exchange and Delaware Statutory Trust

Article on Nov 16, 2020

PIG Out Your 1031 Exchange

Every fall, we send a letter to our clients and invite them and their CPA into our office for proactive...

Daniel Goodwin

Article on Jul 10, 2020

Press Release – Provident 1031 Offers Accredited Investors DST Properties

Press Release – Provident 1031 Offers Accredited Investors Delaware Statutory Trust Properties For 1031 Exchange Smart land and commercial property...

Daniel Goodwin

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Glossary Definitions

credit

An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date. (top)

cost of funds index (COFI)

One of the indexes that is used to determine interest rate changes for certain adjustable-rate mortgages. It represents the weighted-average cost of savings, borrowings, and advances of the financial institutions such as banks and savings & loans, in the 11th District of the Federal Home Loan Bank.

cooperative (co-op)

A type of multiple ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.

convertible ARM

An adjustable-rate mortgage that allows the borrower to change the ARM to a fixed-rate mortgage within a specific time.

conventional mortgage

Refers to home loans other than government loans (VA and FHA).

contract

An oral or written agreement to do or not to do a certain thing.

contingency

A condition that must be met before a contract is legally binding. For example, home purchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector.

construction loan

A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.

condominium hotel

A condominium project that has rental or registration desks, short-term occupancy, food and telephone services, and daily cleaning services and that is operated as a commercial hotel even though the units are individually owned. These are often found in resort areas like Hawaii.

condominium conversion

Changing the ownership of an existing building (usually a rental project) to the condominium form of ownership.

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Helpful Articles

PIG Out Your 1031 Exchange

Press Release – Provident 1031 Offers Accredited Investors DST Properties

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

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Book A Strategy Call

25511 Budde Road, Suite 1002
The Woodlands, Texas 77380

Resources

Helpful Articles

PIG Out Your 1031 Exchange

Press Release – Provident 1031 Offers Accredited Investors DST Properties

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002 The Woodlands, Texas 77380

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25511 Budde Road, Suite 1002
The Woodlands, Texas 77380