subordinated mortgage

subordinated mortgage

A mortgage lien that might have been filed first, but which is agreed among the parties to be treated as a junior lien and inferior to the rights of another mortgage.

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Millas represents institutional lenders in connection with the origination of CMBS loans and traditional secured real estate debt financings, including construction loans in New York, and senior and subordinated mortgage financings of all types of real estate.
TIF 6, a new non-traded business development company, plans to use the proceeds of their $1 billion offering to originate, acquire, and manage a widespread portfolio of commercial real estate loans, such as mezzanine, first and second lien mortgage, subordinated mortgage, and bridge, to US companies.