ADU stands for "accessory dwelling unit". An ADU is a smaller residential dwelling unit - commonly referred to as a "granny flat", "secondary suite", "accessory apartment" - located on the same lot as a larger detached single-family home.
Hard money non QM loans offer fast property funding with flexible terms for fix-and-flip and rental projects. Understand costs, risks, and steps.
SREO (Schedule Of Real Estate Owned) is a list of properties a borrower owns, submitted during the loan approval process for underwriting review.
Bad Boy Carve Outs protect lenders in non-recourse DSCR loans if the borrower engages in illegal or fraudulent activities during the loan process.
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