HVAC

A word formed for heating, ventilating and air conditioning

Hybrid debt

A mortgage position with equity-like interrelation qualities in both available resources and the growth of the piece of real estate at the time of sale or refinance

Improvements

In the case of leasing, the term commonly references the upgrades made to or on the inside of a unit but could involve any lasting structure or different development, like a street, sidewalk, utilities, etc.

Holdbacks

A piece of a loan contract that's not funded until an extra condition is met, like completion of construction

Income capitalization value

The suggestion of market worth obtained for an income-producing piece of real estate by turning its anticipated advantages into property worth through direct capitalization of expected income or by marking down the annual cash flows for the holding period at a defined yield rate