For each loan there is a minimum term and maximum term. The “Term Remaining” is the borrower’s deadline to repay their loan. Investors should be prepared to commit their funds for the whole duration of the loan. However, borrowers do also sometimes pay back early.
The legal basis of the ownership of property.
Insurance obtained against unknown but existing title defects.
Tolerance Period (TP)
A mark to signal that the loan has entered the Tolerance Period and that we are paying monthly interest out of our own funds. Note, this will change on August 1 2017 when the borrower will become responsible for paying the interest.
Tolerance Period Accruing
A mark to signal that the loan has entered the last 90 days of the Tolerance Period and that monthly interest is now accrued.
“Tranche” defines the level of risk and return for each individual loan. Tranches are segments of the same loan.