Glossary

General Partner

A general partner is a person who joins with at least one other person to form a business. 

Grace Period

A grace period is the time after a payment's due date during which no late fees will be charged. 

Grading System (proprietary to Loan Pie)

Loan Pie's grading system is our proprietary method of determining the value and risk inherent in a property. 

Green Building

A green building is a structure that is built, maintained, and operated in an environmentally responsible and resource-efficient manner. 

Gross Amount

Gross amount is total money, before taxes or any other deductions are subtracted. 

Ground Lease

A ground lease is an agreement that allows a tenant to develop a piece of property during the lease period. After the lease, the land and all improvements are given to the property owner. 

Ground-Up Development

Ground-up development is a construction project that starts with raw land or a complete tear down. 

Guaranty

A guaranty is a formal promise to pay a debt.