(312) 270-1618 
What are sunk costs?
Generally speaking, sunk costs are costs that have already been incurred and cannot be recovered. For a real estate investment,…
All Articles
What is earnest money?
Earnest money is a deposit that a buyer puts down with a seller upon entering into a contract to purchase…
What is retainage?
Retainage is an amount of a construction draw that is not funded, or “retained”, by a lender. It is typically…
What are soft costs?
Soft costs are expenses associated with a construction project that are not for the labor or materials to complete the…
What are hard costs?
Hard costs are expenses associated with a construction project that are for the labor and materials to complete the construction.…
How do I get a term sheet from a hard money lender?
Estimated reading time: 8 minutes. Question: How do I get a term sheet from a hard money lender? Post…
What is total project cost?
The total project cost is generally calculated as the sum of all capital expenditures with respect to a property, typically…
What is term length?
Term length is the amount of time you have to pay back the loan. For short-term loans, this is typically…