REIT
REIT - Real Estate Investment Trust. Many hard money lenders are formed
as a REIT, with either private individual investors or institutions funding the loans the
company makes.
Real Estate Investment Trust. A product of federal tax legislation formed as a business
trust, under a special state REIT statute or as a corporation for the purpose of
investing in real estate
or mortgages on real estate.
Example:
REIT stocks did quite well in 2001 and the first half of 2002 despite lackluster fundamentals,
because money was flowing into the entire asset class.
