Hybrid debt
A mortgage situation with equity-like interrelation attributes in both available resources and the appreciation of the piece of real estate at the period of sale or refinance
Holdbacks
A part of a loan contract that is not supported until a different specification is met, like the finish of construction
Highest and best use
The seemingly anticipated and legal use of vacated land or a restored structure that is literally likely, properly backed, financially feasible and that ends in the best value
Improvements
In the situation of leasing, the term generally refers to the improvements made to or inside a unit but would consist of any fixed structure or additional development, like a street, sidewalk, utilities, etc.
Incentive fee
References fee structures where the total amount of the fee that is billed is resolved by the efficiency of the real estate assets under management