Hard cost - Actual cost of building property improvements.

Hard Money Lender - Lenders who offer a specialized type of real-estate backed loan. Hard money lenders provide short-term loans based on the value of real estate that has been collateralized for the loan (aka Bridge Loan). Hard money lenders.

Hard Money Loan - A loan that usually has a much higher interest rates than a normal bank ;oan because it is funding a deal that does not conform to bank loan standards.

High-rise - In a downtown commercial district, this usually means a building 25 or more stories above ground level. In suburban areas, it usually a building more than seven or eight stories high.

Highest and best use - The reasonably probable and legal use of vacant land or an improved property that gives it the highest value for what is physically possible and financially feasible to build and appropriately support.

Holdbacks - A small portion of a loan commitment that is funded only when an certain contractual requirement is met, such as building completion.

Holding period - The amount of time an investor plans to retain ownership of a property after buying and before selling.

Hold-over tenant - A tenant retaining possession of a leased property after a lease's expiration.

HVAC - Acronym for Heating, Ventilation and Air Conditioning

Hybrid debt - A mortgage position with equity-like combination of features for participating in the cash flow and property's appreciation at the time of the property's sale or refinancing.