ARV: After-Repair Value in Commercial Real Estate
An after-repair value of a property is simply the property's market value after any repairs, renovations, or improvements have taken place.
CTL: Credit Tenant Leases in Commercial Real Estate
A credit tenant lease (CTL) is a form of commercial real estate financing in which a loan is given for a property with a long-term lease (usually 10+ years), typically held by a nationally recognized tenant with a high credit rating.