Subordinate Mortgage Financing - The Perils of the Senior Lender
[1997].
Second mortgages fell by the wayside for all the reasons described in this article and more. They were replaced by mezzanine financing, A/B loans, intercreditor agreements, and other multi-lender structures.
This article appeared as a chapter in
Lender's Guide to Structuring and Closing Commercial Mortgage Loans.
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