Problem
A. Explain the difference between a gross lease (or full-service) and a net (or NNN) lease.
B. What is meant by underwriting tenants?
C. How much principal will be paid down over the life of an interest only loan?
D. Why would a lender on a retail center want all tenants to fill out and sign an estoppel letter?
E. You are looking at two investment options, one is a core investment, and another is a value-add investment. Which one would you require the higher expected rate of return?