by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate finance, a piggyback loan is a financing arrangement in which two or more lenders make loans on the same property under a single mortgage or deed of trust. The combined loans are secured by the same real estate. Piggyback loans are often used to...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate finance, P.I. stands for principal and interest, referring to the two primary components of a loan payment. The principal portion reduces the outstanding loan balance, while the interest portion represents the cost of borrowing the funds. The term P.I....
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate appraisal, physical life refers to the length of time an improvement is expected to remain structurally sound and usable when properly maintained. It represents the period during which the building can physically function as intended. Physical life is...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate appraisal, physical deterioration refers to the loss in value of a property caused by impairment of its physical condition. This decline results from factors such as wear and tear, aging, use, and exposure to the elements. Physical deterioration may be...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate law, personal property refers to any property that is not classified as real property. It generally includes movable items that are not permanently attached to land or buildings. Personal property can include furniture, equipment, appliances, vehicles,...
