What is soft debt?
Subordinate, often below-market or deferred-payment financing (frequently from public or mission-driven sources) used to fill gaps in affordable housing and community-development capital stacks.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.