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participating mortgage

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participating mortgage

An older term that is still sometimes encountered; it is a mortgage in which the lender takes a share of the profits during operations and on the sale of the property.Today, this would most frequently be called mezzanine financing.



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Ascher also brings extensive experience with interim and permanent loans, sale-leasebacks, equity participating mortgage loans, workouts, and other secured lending transactions.
Expect more mortgage technology certification specifications to come from MISMO[R]--the not-for-profit subsidiary of the Mortgage Bankers Association (MBA)--and the list of participating mortgage companies completing MISMO certifications to increase, noted MISMO officials.
Coverage includes participating mortgages and mortgage services for others.
 
 
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