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Junior mortgage |
0.06 sec. |
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Junior mortgage A mortgage that will be satisfied only after more senior mortgages have been satisfied. E.g., a first mortgage will be satisfied prior to a second or a third mortgage. |
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? Mentioned in | ? References in periodicals archive | |
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| a consulting concern, noted that VMS Mortgage Fund still had large exposure to junior mortgages -- in a tough real estate market. 6 million of the junior mortgage loan (the "Junior Loan") encumbering the Property. The Operating Partnership also transferred its interest in the junior mortgage loan (the "Junior Loan") encumbering Continental Towers to Prime Equity. |
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