Unlevered

The term “unlevered” or “unleveraged” refers the state of a real estate investment, cash flow, or financial metric without (or before) the use of debt. The term unlevered (or unleveraged) is often used in conjunction with certain financial and return metrics, such as unlevered IRR or unlevered Equity Multiple. Likewise, unlevered cash flow refers to cash flow without (or before) debt.


Click here to get this CRE Glossary in an eBook (PDF) format.