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Unanchored Retail - A Retail property subtype in which the property is occupied by multiple tenants of which none are anchor tenants and the property is utilized for general retail purposes. An anchor tenant is a well-known commercial retail business such as a national chain store or regional department store strategically placed in a shopping center so as to generate the most amount of customers for all of the stores located in the shopping center.

Uncovered Parking Spaces - Parking spaces without a roof or other structure designated to the specific property and/or building.

Unit Density - Identifies the physical unit density on the collateral property. Unit density is the ratio of pads per acre; options include < 10 pads, 10 pads, or > 10 pads.

Unlicensed Beds - A nursing home or similar facility that provides health care services unlicensed by the state in which the facility is located.

Unsubordinated Ground Lease - A lease in which rights of the lessor of the ground are senior to the rights of the holder of the first mortgage.

Utilities - The total of all utility expenses relating to the property; typically includes gas, electricity, oil, etc.

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