Incentive fee

Concerns fee structures where the allocation of the fee that is billed is determined by the effectiveness of the real estate funds under management

HVAC

Standing for for heating, ventilating and air conditioning

Hybrid debt

A mortgage position with equity-like affiliation aspects in both available resources and the growth of the property at the phase of sale or refinance

Holdbacks

A piece of a loan contract that is not subsidized until a second requirement is met, for example completion of production

Holding period

The length of time an investor estimates to hold a piece of property from purchase to sale