what does pari passu refer to in commercial real estate 
in commercial real estate pari passu generally refers to distribution models that reference the pro rata distribution of profits based on each investor s percentage of the initial investment the bottom linepari passu means equal footing and in finance it means two or more parties that are treated the same in regard to a financial claim or contract this term can apply to many different areas of finance this includes things like shares loans or bonds with equal seniority or payment rights 