GLOSSARY OF TERMS - H
|HARD MONEY LOAN: |
A loan made in cash by a non-institutional lender.
Protecting against negative outcomes.
|HIGHEST AND BEST USE: |
Most profitable single use to which a property may be put; most likely to be in demand in the future.
This Glossary of Commercial Real Estate Terms is provided for general understanding purposes. Readers should consult with their legal and/or accounting professionals for specific situations and questions. TM 1031 Exchange Inc. and its employees provide neither legal nor accounting services or advice.