DEFINITIONS
Offering Price: Investor cost
Yield:
Annual Percentage Return
Note Balance: Balance of Note
Payment: Payment by month, quarterly, annual
Interest Rate: Interest on Note
Term: Term of Note
Balloon: Amount due at end of note
Position: First or
second lien
Underlines: Any encumbrances or liens prior to
the investment
L-T-V: Loan to Value, amount of emcumbrances to
the value of property. Total debt divided by value of property.
Credit: Fair, good, or excellent
