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| Cap | The maximum to which an adjustable-rate mortgage (ARM) may increase. An interest rate cap limits the amount the interest can change, while a payment cap limits the increase in monthly payment to a specific dollar amount. | | | | | Cap Rate | net yield set by an investor to determine the value of an income producing property. | | | | | Capital | Money that is used to make money; for example, use Capital to buy rental property or a business. | | | | | Capital Expenditures | Line items on a profit and loss statement that would not be expensed on an annual basis. This category would include replacement of major building systems, such as roofs, driveways, etc. | | | | | Capital Grant | a grant to provide funding for buildings, construction, or equipment, rather than program or operating expenses. | | | | | Capitalization Rate | A methodology to estimate the value of a property based on the rate of return on investment (ROI). | | | | | Challenge Grant | grant that is made on the condition that other funding be secured, either on a matching basis or by some other formula, usually within a specified period of time, with the objective of encouraging expanded fundraising from additional sources. | | | | | Charges | Companies can charge for financial services in different ways, some more straightforward than others. Many lenders or brokers require up-front fees, often before they begin any work on your project. At Capital Sources Group, we pride ourselves with a strategy of not charging upfront fees, and we only accept projects we believe can be funded. | | | | | Closing | The meeting between the buyer, seller and lender where the property and funds legally change hands. Also referred to as "settlement". | | | | | Closing Costs | The cost and fees associated with the official change in ownership of the property and with obtaining the mortgage. | | | |
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