Implied cap rate

Net working profit divided by the sum of a REIT's equity market capitalization and its whole pending debt

Income capitalization value

The indication of value obtained for an income-performing piece of property by converting its forecasted advantages into property worth through direct capitalization of expected income or by marking down the yearly cash flows for the holding period at a specified yield rate

Hybrid debt

A mortgage form with equity-like partnership aspects in both capital means and the increase of the premises at the period of sale or refinance

Holdbacks

A fragment of a loan commitment that's not supported until an additional specification is met, such as completion of construction

HVAC

An acronym for the words for heating, ventilating and air conditioning